Few large-scale commercial property offerings in Athens districts are deemed as privileged based on the opportunities they offer and their profitable utilisation.

12

Neo Psychiko is a privileged area offering such properties. Founded in 1929 as a small district of the expanding Halandri area, Neo Psychiko, early on, was inhabited by a limited number of locals plus uprooted Asia Minor families who arrived as refugees following the 1922 Catastrophe. By 1946, the area had developed into an independent community. It continued to grow, both in terms of local economy and population, nowadays numbering approximately 100,000.

Neo Psychiko is strategically placed between two of the Greek capital’s biggest main roads, Kifisias Ave and Mesogeion Ave, a position that has established it as a region of intense commercial activity with high demand for business properties. Furthermore, a number of factors make Neo Psychiko one of the most privileged residential areas in Athens’ up-market northern suburbs.

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Large-size outdoor chess board at Ecological Park, a special attraction in Neo Psychiko. Photo: Filothei-Psychiko municipality
Eleftheria Square in Neo Psychiko featuring a recently revamped children’s playground. Photo: Filothei-Psychiko municipality

The area’s fine town plan, excellent accessibility and overall style have established Neo Psychiko as a steady attraction for visitors and shoppers, drawn to the district from various parts of the capital to shop or visit certain special attractions such as a large-scale outdoor chess board at Ecological Park. It should also be pointed out that Neo Psychiko has also won a European clean city award.

doValue through the www.altamiraproperties.gr real estate platform, is offering a five-storey 3,607-m2 property that represents an investment opportunity for real estate buyers seeking commercial activity and interests in the privileged Neo Psychiko district.

3,607-m2 property in Neo Psychiko*

This independent five-storey commercial property, measuring 3,606.58 m2, on a plot of land measuring 1,052.97 m2 in the Neo Psychiko district, is situated at a privileged position on the intersection of Kifisias Ave, Katehaki St and Adrianeiou St.

The property is comprised of 3 basement level spaces, a ground level area, two upper floors and a loft.

  • 1st level basement area 671.38 m2
  • 2nd level basement area 792.77 m2
  • 1st level basement-ground level space 121.39 m2
  • Ground-level space 720.03 m2
  • 1st floor space 501.07 m2
  • 2nd floor space 235.25 m2
  • Loft space 564.69 m2

Property details

Address: Neo Psychiko, intersection of Kifisias Ave, Katehaki St and Adrianeiou St

Bidding starts at €3,752,975

*Property being sold through mandatory public auction procedure. Uploaded to the related platform, eauction.gr