An exceptional investment opportunity at €1,050,000 presents itself with this majestic neoclassical building, a preserved architectural gem spanning 700 sqm, nestled on a 380 sqm plot. Located in the highly sought-after Fokionos Negri area, in the vibrant heart of Kypseli, Athens, this property offers unparalleled potential for development. Built in 1932, it stands as a testament to historic elegance, ready for a visionary transformation.
This distinguished four-level building features six bedrooms, three living rooms, three kitchens, three bathrooms, and six WCs, providing ample space for a range of uses. Its traditional wooden frames and a blend of wood and tile flooring maintain its classic charm. The property benefits from a private garden, storage facilities, and an internal staircase, offering bright, open living areas with charming street views.
Situated in a lively, artistic, and cosmopolitan district, the building boasts immediate access to bustling markets, charming cafes, exquisite restaurants, cultural venues, and efficient public transport. This prime location, combined with its substantial size and architectural heritage, makes it ideal for conversion into luxurious residences or a boutique hotel. This property may also qualify for a renewable Greek residence permit, making it a secure and profitable investment in a rapidly appreciating area.