Hotel 1074m² (1.700.000 €)

PRIME HOSTEL INVESTMENT OPPORTUNITY NEAR REVITALISED OMONIA SQUARE KEY FEATURES Asking Price: €1,700,000 Total Area: 1,074 sqm Price per sqm: €1,582 Plot Area: 224 sqm Current Rooms: 30 Construction Year: 1923 Expansion Potential: Up to 351 sqm for further development This landmark property comprises a basement level, ground floor, three upper floors, and an additional rooftop room, offering a total built area of 1,074 sqm. The ground floor includes three retail units, one of which is currently operational, while the remaining two are planned to be combined into a single larger commercial space, creating enhanced leasing flexibility and additional income-generating potential. The upper floors currently accommodate 30 rooms with shared bathroom facilities, complemented by a welcoming lobby and reception area. The property's existing configuration makes it an ideal hostel investment opportunity, as the layout already aligns closely with the operational requirements of a modern hostel. With minimal reconfiguration, investors can capitalize on the continued growth of Athens' tourism sector and the increasing demand for affordable, centrally located accommodation. Beyond its hostel potential, the asset also offers flexibility for alternative hospitality, residential, or mixed-use redevelopment concepts. Furthermore, the property benefits from an additional development potential of up to 351 sqm, providing a significant opportunity to increase value and optimize returns. The surrounding Omonia Square district has undergone a remarkable transformation following the complete redevelopment of the square in 2020, reinforcing its position as one of Athens' most vibrant urban destinations for both visitors and local residents. The area has attracted substantial private investment and is experiencing ongoing regeneration, driving increased commercial activity and tourism demand. Ideally positioned in the heart of central Athens, the property is within walking distance of the city's most important cultural, historical, and commercial attractions, including Acropolis of Athens, Monastiraki Square, and the historic center. It also benefits from exceptional connectivity through nearby metro and railway stations, providing direct access to Athens International Airport, the Port of Piraeus, and key business districts. Supported by strong demand from both domestic and international investors, this asset is ideally positioned to benefit from the continued revitalization of central Athens. Combining commercial frontage, hospitality-ready infrastructure, expansion potential, and a strategic location in one of the city's fastest-evolving districts, this property represents a compelling value-add investment opportunity with significant upside potential. CONTACT DETAILS: A Beautiful Home Telephone: +30 6987054298 Email: [email protected] / [email protected] Website: www.abeautifulhome.gr Property Code: SVER1074P

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Location of the property