An exceptional, prominent autonomous neoclassical building is available for sale in Piraeus (Vryoni), positioned in the heart of the maritime business district, just steps away from Akti Miaouli and the Central Port Authority.
The property is situated in an ultra-prime location, right next to the Cruise Terminal zone, which is currently being heavily upgraded under PPA's (Piraeus Port Authority/Cosco) master plan, including the development of the landmark new PPA Urban Park (featuring green spaces, pedestrian walkways, and recreation areas), ensuring significant future capital appreciation.
This property is an authentic example of late 19th-century urban architecture, officially designated as a landmark (listed building). It features a traditional "L-shaped" layout and an internal open-air courtyard. The property comes with a complete, mature Technical & Engineering Report for full structural reinforcement, conversion into a state-of-the-art 5-level office building, and a valid building permit.
Key Features:
• Total Allowable Build Area: 384.78 sq.m. (176.33 sq.m. existing structure + 208.45 sq.m. new floor extension).
• Development Project: Designed to preserve the historic facade, with a complete demolition of the outdated interior and the addition of 3 additional floors in a setback layout.
• Final Layout: A modern, open-plan office building consisting of a Basement, Ground Floor, and 4 Upper Floors (5 levels of superstructure in total), complete with an internal staircase and a modern elevator (1.55m x 1.55m).
• Building Rights Transfer Bonus: Retains an unused building capacity of 108.17 sq.m., eligible for the issuance of a transferable building rights title.
• Parking Requirement priExemption: Officially exempt from mandatory on-site parking provisions due to its historical landmark designation.
• Basement Expansion: Full plot coverage for the basement floor (exempt from building coefficient), designated to house all storage and mechanical installations (HVAC, elevator machinery, etc.).
Ideal For:
Shipping companies, customs brokerage firms, law practices, engineering/architectural firms, or real estate investors looking for a landmark property with high capital appreciation and guaranteed returns in the most sought-after commercial zone of Piraeus.
