Residential Development Opportunity in Kifissia

Property Overview:
Located in the prestigious suburb of Kifissia, this residential development opportunity offers a prime plot of 1,900 sqm, with full and valid planning approval (Planning Reference: 1035227), granted on April 23, 2024. This project is set to deliver 12 luxurious maisonettes, each with a spacious living area of 120 sqm, complemented by parking spaces, storage facilities, and a communal swimming pool.

Key Property Features:

• Plot Size: 1,900 sqm
• Building Coefficient (FAR): 0.50 (allowing a total built area of 950 sqm)
• Coverage Coefficient: 0.40 (limiting the building footprint to 760 sqm)
• Permitted Building Height: 7.5 meters, with an additional 1.5 meters for a roof (ideal for multi-story configurations and roof terraces)
• Planning Approval: Fully approved by local authorities (Planning Reference 1035227, April 2024)

Development Breakdown:

• Total Units: 12 Maisonettes
• Unit Size: 120 sqm per unit
• Total Sellable Area: 1,625 sqm (12 units)
• Additional Features:
  • Parking: Dedicated parking spaces for each unit
  • Storage: Storage areas for each unit
  • Leisure Facilities: A communal swimming pool
  • Landscaping: Green spaces and communal gardens for residents’ enjoyment

Location: Kifissia

Kifissia is one of the most sought-after residential areas in Athens, known for its elegant urban environment, upscale amenities, and proximity to nature. The area offers excellent connectivity to the city center, major highways, and international airports, while maintaining a peaceful and green atmosphere. The project is strategically positioned near cafes, high-end restaurants, boutique shopping, and reputable schools, making it an ideal location for both families and professionals seeking a tranquil yet sophisticated lifestyle.

Investment Highlights:

• Fully Approved Development: The project comes with a full and valid building permit, streamlining the development process and reducing time to market.
• High Demand Area: Kifissia is a desirable location for luxury residences, ensuring strong demand for well-designed, high-end properties.
• Quality of Life: The inclusion of modern amenities like parking, storage, and a communal pool enhances the appeal of the development to potential buyers, ensuring a premium living experience.
• Potential for Capital Growth: With the development of premium residential units, there is significant potential for long-term capital appreciation in a highly sought-after neighborhood.

Project Potential:

This development is perfectly positioned to capitalize on the high demand for luxury residential properties in Kifissia. The spacious 120 sqm maisonettes offer an ideal living space for families or individuals seeking a modern home in one of the most prestigious areas of Athens. The integration of communal amenities like the swimming pool, parking, and green spaces enhances the property’s attractiveness, catering to a sophisticated and discerning buyer market.

Whether you are an investor looking for a turnkey residential development or a developer seeking a project with clear planning approval and significant upside potential, this opportunity offers a compelling investment case.

Contact us for more information or to schedule a viewing of the development site.