A rare full-block acquisition in one of the most strategic waterfront locations of Patras, directly in front of the Old Port, at Othonos and Amalias 20. The property occupies an entire urban block with four facades on Othonos-Amalias, Miaouli, Kanari and Bouboulinas Streets, offering exceptional visibility, access and architectural flexibility.
The total existing built area is 3,772.09 sq.m., distributed as follows:
Building A comprises a basement of 231.36 sq.m., a ground floor of 231.36 sq.m., a first floor of 231.36 sq.m. and a second floor of 158.45 sq.m., totaling 852.53 sq.m.
Building B comprises a basement of 729.89 sq.m., a ground floor of 729.89 sq.m., a first floor of 729.89 sq.m. and a second floor of 729.89 sq.m., totaling 2,919.56 sq.m.
The basement areas can be converted into primary use, significantly enhancing development potential. The building, originally constructed in the early 1940s, has been statically reinforced to operate as a parking facility, providing strong structural capacity for redevelopment.
The property is suitable for student housing accommodation, prime residential units, mixed-use development or boutique hospitality, while the scale of the basement and ground floor areas allows for commercial use such as a supermarket.
The investment profile is further strengthened by two major factors. There is an official governmental decision for the demolition of the building located in front of the property, which will substantially upgrade sea views and increase asset value. In addition, there is a development plan for a yacht and sailing marina at the Old Port, directly opposite the site, adding long-term growth and prestige to the location.
Offered at €4mn, this is a high-potential redevelopment opportunity combining scale, waterfront positioning and strong upside in a transforming urban area.
Price: 4.mn€. Isqm real estate Ι.Κ.Ε., Tel: +30 210 9718592, email:
[email protected] Attention: In order to visit or receive documents, floor plans for the property, it is necessary to indicate or send with email your ID card & passport according to Law 4072/11-4-2012
2% + vat buyer’s agent fee
