Ano Glyfada Building Repositioning
Ano Glyfada, Athens Riviera
Investment Concept
An entire four-level residential building near the Athens Riviera, offered off-market at roughly €2,900/m² — below the €3,000–4,800/m² asking range of Ano Glyfada — with several credible paths to value: renovate and rent by floor, subdivide into smaller units, or sell floor by floor.
Overview
A whole residential building of four levels, each stated at about 130 m² (≈520 m² in total), in Ano Glyfada — the quieter, greener upper part of Glyfada near the Hymettus foothills, around 15 minutes by car from the Riviera beachfront. The structure is described as finished and partially renovated, with one floor currently tenanted. This is a preliminary, off-market opportunity: areas, condition and legal status are seller statements that have not yet been independently verified. The entry price per square metre sits below the published asking range for the area, which is what makes the case worth investigating.
Why This Opportunity
01
Below-market entry
At ≈€2,900/m², the asking price is under the €3,000–4,800/m² range currently quoted for Ano Glyfada — and far below new-build Glyfada stock at ≈€5,000/m².
02
Riviera trajectory
Glyfada values have risen ≈8% per year recently, supported by the Ellinikon redevelopment and the planned Metro Line 4 extension — tailwinds Ano Glyfada shares at a lower entry point.
03
Multiple exits, one asset
Whole-building rental, floor-by-floor sale, or subdivision into ≈65 m² units — and unlike central Athens, Glyfada currently has no short-term rental registration moratorium.
Investment Strategy
The sequence adapts to the asset — this is the proposed path for this opportunity.
Acquire
Building survey, engineer’s report, title and horizontal-property check, tenancy review — then negotiate on findings before closing.
Design & Renovate
Architectural study per floor; renew aluminium frames, plumbing, electrical and kitchens; decide whole-floor vs. subdivided layout per level.
Operate
Rent floors long-term or operate smaller units, using short-term rental where it outperforms — income covers holding while values rise.
Exit
Sell floors or units individually into the strengthening Riviera market, or hold the building for income and appreciation.
Key Numbers
All figures are indicative estimates for orientation only. They require verification through due diligence and are not offers or financial advice.
- Acquisition€1,500,000
- Development / Renovation€320,000
- Fees & Contingency€180,000
- Total Investment€2,000,000
- Potential Rental Income (/ year)€84,000
- Potential Resale Value€2,340,000
Estimated Return
≈ 4–5% gross rental yield · ≈15–20% indicative resale margin
Timeframe
12–24 months
Exit Options
Sell floors or subdivided units individually (primary) · hold and rent, long or short term (fallback).
Indicative investment breakdown
Property & Site Information
- AssetEntire residential building
- Levels4 × ≈130 m² (seller statement)
- Indicative total area≈520 m² — to be surveyed
- ConditionPartially renovated; completion needed
- OccupancyOne floor tenanted (seller statement)
- Beach access≈15 min by car to Glyfada seafront
Design Potential
Two conceptual directions are being developed, both in a minimal Mediterranean language — pale plaster, oak, limestone, linen. Direction A keeps each 130 m² level as one premium family apartment with a generous covered balcony. Direction B divides each level into two ≈65 m² two-room apartments aimed at the rental and compact-buyer market, subject to horizontal-property and planning feasibility. All visuals are conceptual: no measured survey exists yet, and no dimensions shown are surveyed.
Risks & Items Requiring Verification
No use or return described here is guaranteed. Legal, planning and technical feasibility must be individually verified before any commitment.
Location
Interactive map available on request — exact locations are shared with qualified investors.
Documents
Available to qualified investors on request:
- Investment brief
- Plans & drawings
- Due diligence summary
- Feasibility study
- Financial analysis
Gallery
Interested in this opportunity?
Request the full investment brief or arrange a conversation — in your language.