Quick Answer
Exarcheia: This topic matters to investors and developers because it affects underwriting, risk, financing, cash flow and exit value.
Introduction: Welcome to a remarkable building located in the vibrant neighborhood of Exarcheia, Athens. With a total area of 571 m2 and situated on a 200 m2 plot, this property offers a range of possibilities for investors and buyers seeking a versatile space in a sought-after location.
Property Details:
- Ground Floor: The ground floor features two well-designed apartments, measuring 36 m2 and 70 m2 respectively, providing comfortable living spaces or attractive rental units.
- 1st Floor: On the first floor, you’ll find a spacious apartment of 78 m2 and another apartment of 54 m2, offering flexibility and ample room for various lifestyle needs.
- 2nd Floor: The second floor mirrors the layout of the first floor, providing additional apartments of 78 m2 and 54 m2, ensuring versatility and comfort.
- 3rd and 4th Floor (Maisonette): Spanning the third and fourth floors, the luxurious Maisonette boasts a generous area of 168 m2 and offers breathtaking views of Lycabettus Hill, making it an exceptional living space.
Investment Opportunity: This building, with a price tag of 1,100,000€, represents a lucrative investment opportunity. Moreover, there is the potential to change the zoning to office use, unlocking even greater possibilities for commercial ventures in this bustling neighborhood.
Conclusion: Seize the opportunity to own this prime building in Exarcheia, Athens, offering spacious apartments, captivating views, and the potential to change zoning to office use. Whether you’re an investor or an individual seeking a versatile property, this building provides the foundation for a successful venture. Contact us today to explore this exceptional investment opportunity and secure your place in Athens’ thriving real estate market.
Frequently Asked Questions
What should be checked before making a decision?
Rights, cash flow, risk level, financing, tenant or developer quality, and legal and planning documents should all be reviewed.
Who is this relevant for?
Investors, developers, property owners and organizations evaluating real estate opportunities.
Investor checklist
- Verify approved rights and planning status.
- Review cash flow, rent durability, tenant risk and lease term.
- Check taxes, levies, financing costs and exit assumptions.
- Compare against relevant transactions, not only asking prices.
Frequently Asked Questions
- What should be checked before making a decision?
- Rights, cash flow, risk level, financing, tenant or developer quality, and legal and planning documents should all be reviewed.
- Who is this relevant for?
- Investors, developers, property owners and organizations evaluating real estate opportunities.
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