Apartment complex in Piraeus, Attica
Buy
From 380,000€
Description
PROJECT HIGHLIGHTS
- 28 fully furnished serviced apartments
- 1 retail unit
- 2 underground parking spots
DISTANCES
- Port of Piraeus – 3 minutes by feet
- Karaiskaki Stadium – 35 minutes by feet
- SEF Stadium – 34 minutes by feet
- Mikrolimano – 28 minutes by feet
- Zea Marine – 5 minutes by feet
PIRAEUS
The port of Piraeus is the main destination for foreign investment flows. Recently, the largest project in the region (logistics, hotels, etc.) has started by a Chinese company, the total budget of which amounts to 750-850 million euros.
At the same time, in the center of the city, around the port of Piraeus, large domestic joint ventures are taking place, while drive the region for becoming of the most attractive destinations for business – tourism – lifestyle and others.
GREAT OPPORTUNITIES OF PIRAEUS
Metro Station Extention (Athens Underground/Tube Station)
- The Metro will be extended into Piraeus with 6 stops/stations, making it the largest metro line in the Greater Athens Region within a single Municipality and will now connect the Athens International Airport directly to Piraeus.
Tourism – Sharp in flux of tourism projected in the next 6 – 24 months
Piraeus is the primary gateway to the Greek islands with over 60 commercial ships heading towards the Greek islands on a daily basis and more during the summer months.
- Piraeus today is one of the largest ports in Europe and the annual number of 8,1 million passengers makes it the sixth largest in EU in terms of passenger transportation.
- Of the 1800 cruise ships sailing in the Mediterrannean on an annual basis, 611 of those docked in Piraeus, over 700k tourists landed in Piraeus from cruise ships alone.
- Hilton Hotels is opening their Hamilton by Hilton hotel in Piraeus with an investment of 5.5m in Q3 of 2024.
- Noval Property (the 2nd largest R.E.I.C. in Greece) is developing over 55,000 sq.m of residential, commercial and hospitality assets called ‘City Resort’ within an old factory in Piraeus.
- Marina Zeas is one of the most luxurious marinas on the Mediterreanean attracting mega yacht owners and HNW individuals to the region
Stadiums
- Karaiskaki Stadium (45,000 capacity) – home of Olympiacos FC hosts major football events (Champions League/UEFA), however also operates as a major entertainment veue hosting international artists
- Peace and Friendship Stadium (15,000 capacity) – is a multipurpose indoor venue that holds large live entertainment events, international exhibitions and sports games (Basketball)
# Both Stadiums draw hundreds of thousands of visitors
Business
- The second largest tower in Greece (the Piraeus Tower) is being completed in 2024, the project is supported by the largest real estate fund in the country (Prodea SA) with international corporations intended as tenants.
- Cosco Shipping has invested 167m in Piraeus Port as part of a greater investment plan totaling 330m over 10 years for its management.
- Commercial shipping is one of the largest contributors to Greece’s GDP with cargo shipping companies headquartered in Piraeus.
- Piraeus Port Plaza – A new redevelopment of a previous tobacco company factory, the property development will have three building blocks with a total GBA of 82,885 sq.m and will include LEED certified office space. The total investment will be 100m, companies such as Alpha Bank, Euro Bank, and Teleperformance have leased space.
Hospitals
- Metropolitan Hospital is one of the largest hospitals in Greece, and is the primary hospital that attracts medical tourists with 20% of all admissions being international patients. The hospital itself is preferred by Greek doctors all over Athens and surrounding areas to perform procedures from their own international patient list
- Tzaneio Hospital is another large medical institution in the area
# Because of these institutions, Piraeus has a range of scattered AirBnB units dedicated to medical tourism
Universities
- The University of Piraeus is the second largest business school in Greece with 8000 undergraduate and 1300 post graduate students
- The Greek Naval Academy is in Piraeus
KEY FEATURES
- New LED technology lighting
- Heating pump
- Aluminum joinery with double glass
- Moisture insulation – thermal insulation – thermal facade
- Installing interior cabinets/wardrobes, new interior doors and kitchen installation
- New mechanical, wiring, plumbing and drainage systems installation
- Electric roller shutters
- Installation of sanitary wares and tile
- Modern interior design
- New elevator with release system
INVESTMENT HIGHLIGHTS
- Guaranteed investment income from Limehome – international hospitality operator
- Strong capital appreciation – due to location, greenfield project and market indicators
- 10 year secured long term contract – Immediate income from day 1
- Flexible payment plan
FLOOR | UNIT | AREA (SQ.M) | STUDIOS | PRICE (€) | STATUS | MONTHLY GUARANTEED RENT | ANNUAL GUARANTEED RENT | LEASE DURATION | YIELD |
1 | 101 | 92 | 4 | 380.000 | 1.900 € | 22.800 € | 10 years | 6,00% | |
2 | 201 | 116 | 4 | 435.000 | 2.150 € | 25.800 € | 10 years | 5,93% | |
3 | 301 | 116 | 4 | 445.000 | 2.200 € | 26.400 € | 10 years | 5,93% | |
4 | 401 | 116 | 4 | 2.250 € | 27.000 € | 10 years | 5,93% | ||
5 | 501 | 116 | 4 | RESERVED | 2.300 € | 27.600 € | 10 years | 5,94% | |
6 | 601 | 116 | 4 | 475.000 | 2.350 € | 28.200 € | 10 years | 5,94% | |
7 | 701 | 93,5 | 3 | RESERVED | 1.600 € | 19.200 € | 10 years | 6,00% | |
8 | 801 | 104 | 1 | RESERVED | 2.050 € | 24.600 € | 10 years | 6,00% |
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