Old residential building for renovation, which can be redeveloped into a hotel (currently there is no management or lease agreement with a hotel operator) or a residential complex. The building has prime location in the city center of Athens.
Building permit is received – for hotel or apartment building. The expected redevelopment period is 12 months.
The building has 6 floors with a total area of 4,200 m² and includes 93 hotel rooms (or apartments) and retail premises on the ground floor of 400 m².
Buy-side brokerage fee is 2%.
Athens is the capital of Greece, located in the historical region of Attica and is the economic, cultural and administrative center of the country. The population of the city is more than 3.5 million people.
Athens is the largest trade and distribution center and financial center of the country, in particular, more than 2.5 million tons of oil are processed annually there. Up to 70% of import and 40% of Greece’s export go through Greater Athens.