Apartment in Port

Property description

Investment Construction Building For Sale, floor: Ground floor, 1st (2 Levels), in the area: Center - Piraeus Port. The plot features a High Buildup Factor of 3.60 and a Coverage Ratio of 70%, offering a Total Buildup of 649.26 sq.m. with a large Remaining Buildup Allowance ("Air rights") of 449.26 sq.m. for the immediate addition of 3-4 extra floors. The area of the existing structure is 200 sq.m. (note: there is a numerical discrepancy as the sum of the individual spaces 120+65+60+60+40 equals 345 sq.m. and needs verification) and is developed as follows: on the ground floor it features 2 shops (120 sq.m. and 65 sq.m.) and on the 1st floor it features 3 apartments (two of 60 sq.m. and one of 40 sq.m.). It was built in 1960. The heating of the property is Autonomous with Electricity, it has Wooden and Iron window frames with Single glazing, energy certificate class: G (H) and the flooring is: Terrazzo (Mosaic). Its condition is: Needs total renovation / reconstruction, with a maximum new building footprint on the ground of: 126.24 sq.m.. Urban Planning & Construction Potential (Erection of a New Building): The property is suitable either for a radical reconstruction-extension of the existing building, or for demolition and erection of a modern, multi-story corner building with top-tier construction specifications. The demolition of the old structure allows for the from-scratch development of a modern building with underground parking, an elevator, and an optimal architectural layout. It features a Clear Floor Height of 3.60 meters, which allows for the design of high-ceiling Lofts / Studios with internal balconies (mezzanines), capitalizing on the provisions of the New Building Regulation (NOK) for extra square meters outside the Buildup Factor for maximum commercial exploitation. The property is Independent, Corner, Frontage, Penthouse, Bright, Airy, Sunny, and Through-frontage with balconies. It is located at a strategic point, right next to the New Piraeus Court House (just 400 meters away). It is close to Public Transport, Park, Sea, School, Square, Church, Open Market, Super Market, Shopping Center, City Center, Entertainment venues, Highway, and Dining options. Specifically, it is located: 95 Meters from a bus stop, 270 Meters from a super market (300 meters based on mapping), 750 Meters from the metro & urban railway, 800 Meters from the port, and 20 Minutes from the university. The direct proximity to the New Piraeus Court House guarantees steady, long-term demand and high yields. The property is ideal for Short-Term Rentals (Airbnb), Serviced apartments, Investment, and Income. Creation of a new 6-story corner building with independent micro-apartments. Ideal project for Short-Term Rentals (Airbnb) or Student Housing with an expected annual yield (Yield) of over 9% due to the University and the Port. Erection of a high-end commercial exhibition and office building. It targets stable corporate leases with high payment security from the legal sector (Law - Notary Offices) upon the operation of the Piraeus Court House.. Price: €420.000. Two Brothers Real Estate Project, contact phone: 2104441097, email: info@twobrothers.gr, website: twobrothers.gr

Key details

• ✓ Kitchens: 3
• ✓ Frames: Wooden, Iron
• ✓ Glazed Windows: Single
• ✓ Floors Type: Mosaic
• ✓ Heating Type: Personal
• ✓ Heating Medium: Electricity
• ✓ Near to: Metro, Electric Τrain, Transportation, Park, Sea, School, Square, Church, Public Μarket, Super Market, Mall, City Center, Entertainment Centers, Port, University, National road, Cafe/Restaurants
• ✓ Condition: Needs Renovation
• ✓ Suitable for: Short Term Rentals, Serviced apartments, Investment, Revenue Source
• ✓ Special features: On Corner, With Facade, Bright, Airy, Sunny, Dual-aspect
• ✓ No. of Floors: 1
• ✓ Zone/Sort: Residential Zone
• ✓ Balconies: 2
• ✓ Living Rooms: 3

Location

Port, Center - Port, Greece.