In an area where the available properties for sale are constantly decreasing, this building is a rare investment opportunity with high yield. It is ready for immediate occupation without additional planning and renovation cost.
It is a fully renovated neoclassical building of 1910 in the heart of Psirri. The renovation, which was done with high quality materials and aesthetics, was completed in 2020 and since then it has been operating as a hotel.
In total it is 600sqm and has 8 apartments.
More particularly:
- On the ground floor there are two apartments of 45 and 65 sqm with independent entrances
- On the 1st floor there are two of 52 and 65 sqm
- On the 2nd floor two of 65sqm and two of 65sqm
- On the 3rd floor two more of 95 and 85sqm
The area of Psyrri is one of the oldest in the city of Athens. Its first historical record dates back to 1687. It is located in the historical centre of Athens next to Monastirkaki. Like all city centre neighbourhoods, it has gone through many changes that are really reflected in its architectural character. Neoclassicism and Athenian Modernism coexist in a unique way, with buildings that were previously hosting small industries and shops.
The contemporary district of Psyrri is a gathering point for all the creative communities of the city, like artists, musicians and fashion designers, who often run their studios here, and of course this along with its cafes, restaurants and bars is a big draw for tourists. It is a must in the Athenian nightlife with a variety of options. It is excellently connected by public transport to the rest of the city and airport. Monastiraki Metro Station is only 5 min walking distance from the main square of Psyrri (Plateia Iroon). No doubt the area has one of the highest investment returns in the real estate market of Athens and it attracts the interest of many investors either from Greece or from abroad.
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