Ano Glyfada Single-Floor Renovation
Ano Glyfada, Athens Riviera
Investment Concept
A lower-ticket entry into the same off-market Ano Glyfada building: acquire one full level of ≈130 m² at an indicative €300,000–350,000, renovate it to market grade, then rent it as a premium family apartment — or resell it into the rising Riviera market. An alternative to acquiring the whole building, at roughly a quarter of the capital.
Overview
The seller of the Ano Glyfada building has indicated willingness to sell individual floors at around €300,000 per level (≈130 m² each, seller statement). This opportunity takes a single floor as a self-contained project: a ≈€450,000 total budget including a market-grade renovation, targeting either long-term rental to a family or a renovated resale. It shares the same location fundamentals as the whole-building case — quiet upper Glyfada near the Hymettus foothills, ≈15 minutes by car from the Riviera beachfront — with far lower capital at risk, but also less control: decisions on the facade, roof and common areas would depend on the other co-owners. This is a preliminary, off-market opportunity; all areas, prices and conditions are seller statements pending verification.
Why This Opportunity
01
Low entry ticket
At an indicative ≈€2,400–2,700/m² for the floor, entry sits below the €3,000–4,800/m² Ano Glyfada asking range — with total exposure of ≈€450,000 instead of ≈€2 million for the whole building.
02
Same Riviera tailwinds
Glyfada values have risen ≈8% per year, supported by the Ellinikon redevelopment and the planned Metro Line 4 extension — the single floor rides the same wave.
03
Simple, contained project
One level, one renovation, one exit decision: rent long-term at an indicative €1,600–1,900/month, operate short-term, or resell renovated at ≈€4,000/m².
Investment Strategy
The sequence adapts to the asset — this is the proposed path for this opportunity.
Acquire
Confirm the floor has (or can receive) its own horizontal-property title; survey, engineer’s report and tenancy check; negotiate on findings.
Renovate
Full market-grade renovation of the level — frames, plumbing, electrical, kitchen, bathrooms — at an indicative €90,000–110,000.
Operate
Rent long-term to a family, or short-term where it outperforms — Glyfada currently has no short-term rental registration moratorium.
Exit
Hold for income and appreciation, or resell the renovated apartment into the strengthening Riviera market.
Key Numbers
All figures are indicative estimates for orientation only. They require verification through due diligence and are not offers or financial advice.
- Acquisition€320,000
- Development / Renovation€95,000
- Fees & Contingency€35,000
- Total Investment€450,000
- Potential Rental Income (/ year)€21,000
- Potential Resale Value€520,000
Estimated Return
≈ 4.5–5% gross rental yield · ≈10–15% indicative resale margin
Timeframe
9–18 months
Exit Options
Hold and rent, long or short term (primary) · resell the renovated apartment (alternative).
Indicative investment breakdown
Property & Site Information
- AssetOne full building level
- Area≈130 m² (seller statement)
- Indicative price€300,000–350,000 per floor
- ConditionPartially renovated; completion needed
- Ownership formHorizontal property — to be confirmed
- Beach access≈15 min by car to Glyfada seafront
Design Potential
The conceptual direction keeps the ≈130 m² level as one generous family apartment in a minimal Mediterranean language — pale plaster, oak, limestone, linen — with an open kitchen-living zone and a large covered balcony. A split into two ≈65 m² units is theoretically possible but adds planning and horizontal-property complexity that suits the whole-building scenario better. All visuals are conceptual: no measured survey exists yet.
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.