In an exceptionally privileged location in Voula, directly on Vouliagmenis Avenue, in the heart of the rapidly developing Athenian Riviera, a 666 sq.m. plot with an unfinished commercial building is offered for sale, presenting significant investment potential.<\/p>\n
This is a rare opportunity for the development of a high-end residential project in one of the most sought-after and expensive areas of Attica, with the possibility of converting the existing commercial property into modern luxury residences, subject to the necessary urban planning and technical approvals.<\/p>\n
Property Features<\/p>\n
The property is situated on a 666 sq.m. plot and includes:<\/p>\n
Two basement levels, each measuring 300 sq.m.<\/p>\n
Ground floor of 200 sq.m.<\/p>\n
Structural provision for the construction of two additional floors, with a total area of approximately 400 sq.m.<\/p>\n
Total potential building area of approximately 1,200 sq.m., including the basement levels.<\/p>\n
The original building permit was issued in 1995, while construction of the structural framework began in 2005.<\/p>\n
The existing structure provides a significant foundation for future development, with the possibility of completion and utilization in accordance with a new, modern architectural and investment plan.<\/p>\n
Change of Use Potential \u2013 Luxury Apartments & Golden Visa<\/p>\n
The property’s most significant investment advantage is the prospect of changing its use from a commercial building to residential units, with the aim of creating a modern complex of luxury apartments.<\/p>\n
With appropriate architectural planning and completion of construction, high-end residences can be developed, featuring luxurious materials, modern technological installations, and energy-efficient solutions, appealing to both the domestic and international markets.<\/p>\n
Of particular interest is the possibility of utilizing the Golden Visa scheme through a change of use, with an investment threshold of \u20ac250,000 per eligible property, provided that all applicable legal, urban planning, and other program requirements are met.<\/p>\n
The combination of luxury residential development and the opportunity to market residences to international investors creates additional commercial potential.<\/p>\n
Significant Capital Appreciation Potential<\/p>\n
Voula is one of the strongest luxury residential markets on the Athenian Riviera, attracting consistent interest from Greek and international buyers.<\/p>\n
In the local market for newly built luxury apartments, asking prices can approach or even exceed \u20ac12,000 per sq.m., depending on the exact location, construction quality, floor level, and individual characteristics of each residence.<\/p>\n
These price levels highlight the potential for significant capital appreciation and high development margins, provided that the acquisition, construction, and final sale of the apartments are carried out with appropriate financial planning.<\/p>\n
The strong demand for modern residences in Voula also offers positive prospects for the market absorption of the new apartments, including through pre-sales during the development stage.<\/p>\n
Opportunity to Acquire the Adjacent Completed Building<\/p>\n
An additional significant advantage is the possibility of acquiring the adjacent, fully completed commercial building, which is also available for sale.<\/p>\n
The acquisition of the two properties, either individually or as a combined investment portfolio, offers expanded development and utilization opportunities, creating the conditions for a larger investment project in a strategic location in Voula.<\/p>\n
A Rare Investment Opportunity on the Athenian Riviera<\/p>\n
The value of this investment is not limited to the existing construction but is primarily focused on the high value of the land, the potential for luxury residential development, the Golden Visa opportunity, and the significant commercial potential of the area.<\/p>\n
A particularly attractive proposition for construction companies, developers, investment funds, and real estate investors seeking to establish a presence in Voula’s luxury residential market and capitalize on the high value-added opportunities offered by the Athenian Riviera.<\/p>\n
A rare development investment opportunity in one of Greece’s most recognized and dynamic real estate markets.<\/p>\n
Greece Exclusive Properties | Contact Numbers: +30 210 8994937, +30 694 6699698 | Email: info@greece-exclusiveproperties.gr | Website: https:\/\/greece-exclusiveproperties.gr\/<\/p>\n","protected":false},"excerpt":{"rendered":"
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