Psyri ยท Athens ยท Greece
Historic Building ยท Acropolis Views ยท Complete Documentation
Tompazi 12 is a 6-floor residential building located in the heart of Psyri, one of Athens' most vibrant and sought-after historic districts. Constructed in 1959 with solid concrete structure, the building stands vacant and ready for complete renovation โ a blank canvas for a visionary investor or developer.
The building offers exceptional flexibility: it can be transformed into a boutique hotel, luxury apartments, an apart-hotel, a private townhouse, or a mixed-use development. The upper floors command clear, unobstructed Acropolis views โ one of the most coveted features in all of Athens.
Total usable area is 541 mยฒ โ comprising 437 mยฒ of net interior space across all floors, plus 104 mยฒ of outdoor terraces and balconies. In Athens' Mediterranean climate of approximately 300 sunny days per year, these outdoor spaces โ especially the 97 mยฒ of Acropolis-view terraces on floors 3 and 4 โ function as genuine year-round living, dining, and hospitality space. They are not a secondary feature; they are a core part of the property's value and commercial potential.
Ownership documentation is complete and clear โ a genuinely rare advantage in the Greek market. The property can be acquired as a building or via the owning Greek company, offering potential tax and structural flexibility for buyers.
Clear, unobstructed Acropolis views from the 3rd and 4th floors โ including 97 mยฒ of view terraces. In Athens' Mediterranean climate (~300 sunny days/year), these are genuine year-round outdoor living and commercial spaces. The 64 mยฒ rooftop terrace alone has the potential to become one of Psyri's most sought-after rooftop bar destinations.
All ownership papers are in order and clear โ a genuinely rare advantage in the Greek real estate market where title complications are common. No tenant issues. Immediate possession available. Zero encumbrances.
600m from the Acropolis. Walking distance to Monastiraki Square. Surrounded by Athens' most vibrant dining, nightlife, and cultural scene. Psyri is experiencing consistent growth in both tourism and real estate values.
Psyri is an emerging boutique hotel district. The building's layout, terraces, Acropolis views, and high tourist footfall make it ideal for a 10โ15 room apart-hotel or boutique hotel generating โฌ140โโฌ220/night in the 4-star segment.
Fully vacant with all utilities connected โ water, sewerage, and electricity all operational. Solid concrete structure in good condition. Ready for complete custom renovation to any vision without tenant complications or delays.
Can be acquired as a direct building transfer or through the owning Greek company โ offering potential tax advantages and structural flexibility for sophisticated investors and corporate buyers.
Areas are architect-verified (May 2026). Total usable area: 541 mยฒ โ comprising 437 mยฒ net interior plus 104 mยฒ of outdoor terraces and balconies. In Athens' Mediterranean climate (~300 sunny days per year), all outdoor spaces function as genuine year-round usable areas.
| Floor | Net Interior | Outdoor Space | Total Usable | Notes |
|---|---|---|---|---|
| B | 105 mยฒ | 3 mยฒ (English Yard) | 108 mยฒ | Street access ยท Natural light ยท Commercial / Spa / Storage potential |
| G | 71 mยฒ | โ | 71 mยฒ | 3 apartments ยท High ceilings ยท Direct street access |
| 1 | 92 mยฒ | 2 mยฒ balcony | 94 mยฒ | 2 apartments ยท Natural light ยท Elevator shaft potential |
| 2 | 93 mยฒ | 2 mยฒ balcony | 95 mยฒ | 3 apartments ยท Flexible reconfiguration |
| 3 | 63 mยฒ | 33 mยฒ terraces โ๏ธ | 96 mยฒ | Acropolis View ยท 2 apartments ยท Year-round outdoor living |
| 4 | 13 mยฒ | 64 mยฒ rooftop โ๏ธ | 77 mยฒ | Penthouse ยท Acropolis View ยท Rooftop bar / penthouse potential |
| TOTAL | 437 mยฒ | 104 mยฒ | 541 mยฒ | Gross building area: 623 mยฒ |
Sale as building or as Greek company
Athens enjoys ~300 sunny days per year. All 104 mยฒ of outdoor terraces and balconies โ particularly the 97 mยฒ of Acropolis-view terraces on floors 3 & 4 โ are genuine year-round usable space, adding significant commercial and residential value beyond their mยฒ count.
Capital gains tax in Greece is suspended until December 31, 2026 โ creating a time-limited window for advantageous acquisition and exit planning.
Development Scenarios
10โ15 rooms with Acropolis views. Ground floor restaurant/cafรฉ. The 64 mยฒ rooftop terrace becomes a rooftop bar โ one of the highest revenue-generating assets in Athens hospitality. Rates โฌ140โโฌ220/night in the 4-star segment with strong year-round occupancy.
6โ8 high-end apartments for sale or long-term rental. Penthouse with 64 mยฒ rooftop terrace and Acropolis views commanding a major premium. In Athens' climate, terraces are marketed as year-round outdoor living rooms โ a key selling point at โฌ5,000โโฌ6,000/mยฒ.
Commercial basement and ground floor with residential or hospitality upper floors. Maximizes income streams and property value simultaneously across all 541 mยฒ of usable space.
A unique multi-floor Athenian townhouse with 104 mยฒ of terraces, 97 mยฒ of which face the Acropolis directly. Prestigious address in historic Psyri. Rare at this scale in central Athens.
Based on current Psyri market data: unrenovated buildings trade at โฌ2,500โโฌ2,700/mยฒ. Post-renovation residential/hospitality assets achieve โฌ5,000โโฌ6,000/mยฒ. At conservative exit valuations, leveraged investors targeting a 30% equity position could achieve ROE of 148%โ203%.
One of Athens' most vibrant and culturally rich districts โ a rare blend of neoclassical architecture, thriving cafรฉ culture, street art, and authentic urban energy, just steps from the Acropolis.
Psyri is one of Athens' most dynamic and sought-after neighborhoods โ a rare blend of historic architecture, vibrant street life, and strong investment fundamentals. Its central position within walking distance of the city's most iconic landmarks makes it one of the most desirable locations for hospitality and residential investment.
For site visits, documentation requests, and investment discussions
ฮคฮฟ ฮคฮฟฮผฯฮฌฮถฮท 12 ฮตฮฏฮฝฮฑฮน ฮญฮฝฮฑ ฮตฮพฮฑฯฯฮฟฯฮฟ ฮบฯฮฏฯฮนฮฟ ฯฯฮทฮฝ ฮบฮฑฯฮดฮนฮฌ ฯฮทฯ ฮจฯ ฯฯฮฎฯ, ฮผฮนฮฑฯ ฮฑฯฯ ฯฮนฯ ฯฮนฮฟ ฮถฯฮฝฯฮฑฮฝฮญฯ ฮบฮฑฮน ฮนฯฯฮฟฯฮนฮบฮญฯ ฯฯ ฮฝฮฟฮนฮบฮฏฮตฯ ฯฮทฯ ฮฮธฮฎฮฝฮฑฯ. ฮคฮฟ ฮบฯฮฏฯฮนฮฟ ฮตฮฏฮฝฮฑฮน ฮบฮตฮฝฯ, ฯฮต ฮบฮฑฮปฮฎ ฮดฮฟฮผฮนฮบฮฎ ฮบฮฑฯฮฌฯฯฮฑฯฮท ฮบฮฑฮน ฮญฯฮฟฮนฮผฮฟ ฮณฮนฮฑ ฯฮปฮฎฯฮท ฮฑฮฝฮฑฮบฮฑฮฏฮฝฮนฯฮท.
ฮฃฯ ฮฝฮฟฮปฮนฮบฮฎ ฯฯฮฎฯฮนฮผฮท ฮตฯฮนฯฮฌฮฝฮตฮนฮฑ: 541 ฯ.ฮผ. โ 437 ฯ.ฮผ. ฮตฯฯฯฮตฯฮนฮบฮฟฮฏ ฯฯฯฮฟฮน ฮบฮฑฮน 104 ฯ.ฮผ. ฮฒฮตฯฮฌฮฝฯฮตฯ ฮบฮฑฮน ฮผฯฮฑฮปฮบฯฮฝฮนฮฑ. ฮฮต ฯฮตฯฮฏฯฮฟฯ 300 ฮทฮปฮนฯฮปฮฟฯ ฯฯฮตฯ ฮทฮผฮญฯฮตฯ ฯฮฟ ฯฯฯฮฝฮฟ, ฮฟฮน ฯ ฯฮฑฮฏฮธฯฮนฮฟฮน ฯฯฯฮฟฮน ฮฑฯฮฟฯฮตฮปฮฟฯฮฝ ฯฯฮฑฮณฮผฮฑฯฮนฮบฮฌ ฯฯฮฎฯฮนฮผฮฟฯ ฯ ฯฯฯฮฟฯ ฯ ฯฮปฮฟ ฯฮฟ ฯฯฯฮฝฮฟ โ ฮนฮดฮนฮฑฮฏฯฮตฯฮฑ ฮฟฮน 97 ฯ.ฮผ. ฮฒฮตฯฮฌฮฝฯฮตฯ ฮผฮต ฮธฮญฮฑ ฯฯฮทฮฝ ฮฮบฯฯฯฮฟฮปฮท ฯฯฮฟฯ ฯ ฮฟฯฯฯฮฟฯ ฯ 3 ฮบฮฑฮน 4.
ฮ ฯฮตฮบฮผฮทฯฮฏฯฯฮท ฮนฮดฮนฮฟฮบฯฮทฯฮฏฮฑฯ ฮตฮฏฮฝฮฑฮน ฯฮปฮฎฯฮทฯ โ ฯฯฮฌฮฝฮนฮฟ ฯฮปฮตฮฟฮฝฮญฮบฯฮทฮผฮฑ ฯฯฮทฮฝ ฮตฮปฮปฮทฮฝฮนฮบฮฎ ฮฑฮณฮฟฯฮฌ. ฮฮดฮฑฮฝฮนฮบฯ ฮณฮนฮฑ: boutique hotel, luxury ฮดฮนฮฑฮผฮตฯฮฏฯฮผฮฑฯฮฑ, apart-hotel ฮฎ ฮนฮดฮนฯฯฮนฮบฮฎ ฮบฮฑฯฮฟฮนฮบฮฏฮฑ. ฮ ฯฮปฮทฯฮท ฯฯ ฮฑฮบฮฏฮฝฮทฯฮฟ ฮฎ ฯฯ ฮตฯฮฑฮนฯฮตฮฏฮฑ.
ฮคฮนฮผฮฎ: โฌ1.650.000 ยท ฮฯฮนฮบฮฟฮนฮฝฯฮฝฮฏฮฑ: igal@lerner-re.com ยท +40 755 992 405 ยท +40 755 992 404
ืืืืคืืื 12 ืืื ืื ืืื ืื 6 ืงืืืืช ืืื ืฉืืื ืช ืคืกืืจื ืืืืกืืืจืืช ืืืชืื ื. ืืื ืืื ืคื ืื ืืืืืืื, ืืืฆื ืืื ื ืชืงืื, ืืืืื ืืฉืืคืืฅ ืืื ืืคื ืืืื ืืจืืืฉ.
ืกื ืืฉืื ืืฉืืืฉ: 541 ื"ืจ โ 437 ื"ืจ ืฉืื ืคื ืืื ื ืื ื-104 ื"ืจ ืืจืคืกืืช ืืืจืกืืช. ืืืงืืื ืืืชืื ืื (ื-300 ืืื ืฉืืฉ ืืฉื ื), ืื ืืฉืืืื ืืืืฆืื ืืื ืื ืฉืืืื ืฉืืืฉืื ืืืืจื ืื ืืฉื ื โ ืืืืืื 97 ื"ืจ ืฉื ืืจืกืืช ืขื ื ืืฃ ืคืชืื ืืืงืจืืคืืืืก ืืงืืืืช 3 ื-4.
ืืชืืขืื ืืืฉืคืื ืืื ืื ืงื โ ืืชืจืื ื ืืืจ ืืฉืืง ืื ืื"ื ืืืืื ื. ืืชืืื ื: ืืืื ืืืืืง, ืืืจืืช ืืืงืจื, apart-hotel, ืืืืจืื ืคืจืืืื. ื ืืชื ืืจืืืฉ ืื ืืก ืื ืืืืจื ืืืื ืืช.
ืืืืจ ืืืืงืฉ: โฌ1,650,000 ยท ืฆืืจ ืงืฉืจ: igal@lerner-re.com ยท +40 755 992 405 ยท +40 755 992 404