Description

Property Code: -2673532. STANDALONE INVESTMENT PROPERTY | 550 SQ.M. | AGIOS DIONYSIOS, PIRAEUS 9 Independent Units | Potential for Change of Use | Golden Visa Investment Opportunity Located in the Agios Dionysios area of Piraeus, at the corner of Psaron and Methonis Streets, this standalone corner property offers a total built area of 550 sq.m., with dual street frontage and two independent entrances. Designed to accommodate multiple investment strategies, the property comprises nine independent units, combining residential and commercial uses. The current configuration includes two residential units and seven commercial units, with the latter designed with the potential to be converted into residences, subject to the necessary planning permissions and regulatory approvals. Its standalone character, dual frontage and flexible layout create opportunities for a diversified investment strategy, ranging from rental income to the development and management of a portfolio of independent units. Key Features Total built area: 550 sq.m. Plot size: 155 sq.m. Standalone corner property with dual frontage and two independent entrances on Psaron and Methonis Streets. 9 independent units: 2 residential units and 7 commercial units. Potential change of use from commercial to residential, subject to planning regulations and all required approvals. Rooftop areas featuring provisions for outdoor seating, pergolas and built-in BBQ facilities. Multiple use scenarios: residential, commercial or mixed-use exploitation. Scheduled project completion: Early 2027. Investment Potential This property is suited to investors seeking a single asset with the flexibility to pursue several income-generating strategies. Potential options include:Long-term leasing of residential and commercial units. Selective conversion of commercial units into residences, where legally permitted. A combination of residential and commercial rental income. Development of a portfolio of independent units for separate use and management, where legally and technically feasible. Potential eligibility of qualifying residential units for Greece’s Golden Visa programme, subject to confirmation of the applicable requirements. The potential conversion of up to seven commercial units into residences may provide an additional investment opportunity, subject to verification of permitted use, technical requirements, planning approvals and the eligibility criteria applicable to each unit. Location Situated in Agios Dionysios, an established urban area of Piraeus with residential and commercial activity, the property benefits from access to key transport links and local amenities. Approximate distances: Port of Piraeus: 950 m Piraeus Metro Station: 1,000 m Maniatika Metro Station: 1,200 m Papastrateio Sports Centre: 1,100 m Bus stop: 150 m Schools: 400 m Supermarket: 300 m A Flexible Investment with Multiple Possibilities The property stands out for its independent configuration, the number of separate units and the potential to combine different uses within a single ownership structure. It offers an opportunity for investors seeking flexibility in asset management, diversification of potential income streams and the option to adapt the investment strategy over time. Asking Price: €1,395,000 Scheduled Completion: Early 2027 weCan real estate Chalandri, contact phone: 2110016800, 6934880004, email: info@wecan-realestate.gr, website: www.wecan-realestate.gr

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