Block Of Flats, 700 sqm, Vrilissia

Located in the heart of Vrilissia, one of the most sought-after and rapidly developing residential areas in Athens' Northern Suburbs, this unique residential development, currently under construction, is offered for sale. It represents an outstanding opportunity for investors, developers, and construction companies seeking a project with strong capital appreciation potential and multiple exit strategies.

Construction commenced in 2010, with the reinforced concrete structural framework and external masonry already completed. This significantly reduces both the construction timeline and the overall completion cost, allowing the project to be brought to market much faster. Upon completion, the property can be marketed through the individual sale of each residence or retained as a long-term or short-term rental investment, offering attractive returns in an area with consistently strong demand.

Key Features

• Total residential area: 588 sq.m.
• Total building area: approximately 700 sq.m.
• Underground garage: 429 sq.m. (fully completed and painted)
• 10 private parking spaces
• Plot size: 429 sq.m.
• Building coefficient (FAR): 1.0
• Five independent residential units
• 14 bedrooms in total
• Front-facing, bright, and dual-aspect residences
• East-facing orientation
• Unobstructed park views

Residential Layout

Raised Ground Floor / First Floor
• Maisonette – 133.73 sq.m.
• Maisonette – 133.58 sq.m.

Second Floor
• Apartment – 72.43 sq.m.
• Maisonette with loft – 122.55 sq.m.

Third Floor
• Maisonette with loft – 125.08 sq.m.

Investment Highlights

• Prime central location in Vrilissia.
• Immediate access to the Metro, Suburban Railway (Proastiakos), Attiki Odos motorway, and major road networks.
• Within walking distance of parks, schools, supermarkets, churches, and everyday amenities.
• Advanced stage of construction, significantly reducing completion time and development risk.
• Flexibility to sell each residence individually or retain the complex as a high-yield income-producing asset.
• Excellent opportunity for immediate development and commercial exploitation in a residential market with consistently high demand for newly built homes.

This is a rare investment opportunity in one of the strongest residential markets of Athens. The project's advanced construction stage, strategic location, and flexible development potential allow investors and developers to significantly reduce construction risk while accelerating time to market. Whether the objective is individual unit sales, rental income, or long-term capital appreciation, this property offers exceptional value and strong return potential.