Historic Villa In Athens

Nestled between Ano Patissia and Galatsi, this property is situated in a historically rich area of Athens. The Kipriadu district is renowned for its early 20th-century architecture, featuring low-rise buildings, green spaces, and a vibrant local community. Despite urban development, the area retains its unique charm, offering a peaceful environment with easy access to the city center, public transport, schools, and shops.​

PROPERTY HIGHLIGHTS:

• Architectural Style: Eclectic, constructed in the 1920s–1930s.
• Layout: Two independent floors, each measuring 120 m².
• Entrances: Three separate entrances, providing flexibility in usage.
• Private Garden Courtyard: Surrounded by greenery, ensuring privacy and serenity.
• Balconies and Outdoor Patio: Enhancing the living experience.
• Structural Condition: Excellent: Renovation may be required depending on intended use.

INTERIOR FEATURES:

• Wooden floors in good condition.
• Two large balconies with two exits.
• High ceilings (4 meters) on the second floor.
• Three bathrooms.
• Two kitchens (with the possibility of relocation).
• Two separate entrances: one rear exit from the kitchen.

PLOT FEATURES:

• Corner plot with mature trees and a secluded area surrounded by green bushes along the perimeter.
• Elevated patio on the street, ideal for a dining or seating area.

EXPANSION POTENTIAL:
Possibility to add auxiliary structures or expand the building’s footprint, subject to local zoning regulations and permits.​

RESTAURANT POTENTIAL

This property presents an ideal opportunity for establishing a restaurant:​

• Spacious Layout: The two floors provide ample space for dining areas and kitchen facilities.
• Outdoor Dining: The private garden courtyard is perfect for creating an outdoor dining space, enhancing the dining experience.
• Architectural Charm: The eclectic style and historical features add unique character, attracting patrons seeking a distinctive atmosphere.
• Prime Location: The Kipriadu district’s blend of residential and commercial spaces ensures a steady flow of potential customers.
• Investment Viability: With the growing demand for unique dining experiences in Athens, this property offers a promising venture for restaurateurs.​

INVESTMENT OPPORTUNITIES

This property represents an ideal investment opportunity with versatile usage options:​

• Residential Use: Convert into two separate apartments or a single-family home.
• Boutique Hotel or B&B: Leverage its unique character and location to attract tourists.
• Medical or Educational Facility: Previously leased by the municipality as a kindergarten, indicating suitability for such purposes.
• Rental Income: Potential monthly rental income of €4,500–€5,000, depending on the chosen use.​

GOLDEN VISA ELIGIBILITY:

Purchasing this property qualifies for Greece’s Golden Visa program, granting residency rights to investors and their families, facilitating easier access to the Schengen Area and other EU benefits.​

If you require further information, floor plans, or additional photos, please feel free to contact me. I am here to assist you in exploring this unique opportunity.