Golden Visa Building in Palaio Faliro

Outstanding investment opportunity, located at the very center of the city of Palaio Faliro. An entire building featuring a total of 200 square meters, comprised of a 41 square meter ground level apartment, a 20 square meter front-facing store, a 2-level, 133 square meter town house occupying the 1st and 2nd floors, parking space and the right to build an additional floor of 67 square meters on top of the existing structure. Therefore, this property offers a potential total size of 267 square meters. The location of the property is absolutely ideal, as it is located at the center of Palaio Faliro, offering direct access to numerous retail shops and restaurants. The position of the property allows for very fast access to central avenues, such as Amfitheas, Syggrou and Poseidonos, and therefore allows very fast transportation to the center of Athens, the Port of Piraeus as well as the Southern Suburbs of Athens such as Glyfada. The lot itself is worth a minimum of 400,000 Euro, due to its very central location, and due to the fact that there is a lot of development in the areas, which has increased property values very much over the past 10 years. Lastly, due to the ongoing development of the largest Government construction project in Europe, the renovation of the old Airport area, into an area of ultra-luxurious apartment complexes, this entire suburb of Athens is expected to increase multifold in value over the next 10 to 20 years.