Building for sale in Athens Neo Psychiko. ID AB-961

Neo Psychiko, Greece

€1,450,000

Description

Building for sale in Athens Neo Psychiko. With an exceptional location in Athens city, this magnificent 5-storey building of 615sqm is a tremendous opportunity at an excellent price, currently used as a successful hotel consisting of 10 luxury suites. The stunning building spreads over five stories and includes an elevator and 4 parking spaces. On the ground floor, there is a warm and cozy reception area, while the building benefits from an impressive roof terrace. All suites are fully furnished with excellent taste, stylishly designed with a tasteful selection of contemporary furniture, and feature high-quality finishes, boasting an energy-efficient design and high thermal and acoustic insulation. All levels from the first to the fourth, consist of a suite of 31.68sqm and a second one of 44.70sqm, while the fifth one is occupied by two suites of 32.07sqm and 26.25sqm respectively. It is currently rented at 7.400 euros per month with a 2% annual adjustment until 2039, making it a highly profitable investment opportunity for savvy investors. This is a tremendous opportunity to invest in a building guaranteeing profit from the offset. Building for sale in Athens Neo Psychiko Location Information: It is a strictly residential suburb of Athens, 5km from the Athens city center, with commercial businesses allowed only within two small designated zones. Psychiko was historically the home of the Athenian aristocracy and the area remains one of the wealthiest suburbs of Athens, with very high land value, and a number of embassies, neoclassical buildings, and some new modern residences of high architectural interest respecting the area’s unique landscape. Palaio Psychiko is very close to a lot of prestigious schools (such as the Athens College) and to international educational institutions. Kifissias Avenue is a breath away providing easy access to the Athens city center and to the northern suburbs, while the entrance to Attiki Odos is 5km away, making the route to the airport a quick 30’ drive.