The Project: Golden Visa Athens Serviced Apartments
This project is a premier Athens serviced apartments complex in the heart of Athens, Greece. The cutting-edge development offers an unparalleled investment opportunity with 110 fully furnished, move-in-ready serviced apartments spread across three levels.
With a Gross Building Area (GBA) of 4,012.65 sqm, the complex is designed to cater to the needs of students, young professionals, tourists, and executives alike.
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What are ‘Serviced Apartments’?
Serviced apartments are flexible accommodations that are fully furnished and equipped with the latest in design trends and come with all appliances in order to create a homelike environment for either short-term, mid-term or long-term stays. Serviced apartments are ideal housing options for students, young professionals, tourists or executives, what makes this type of asset
class so appealing is the flexibility they offer towards its users and the way the asset can be used.
Why invest in Athens Serviced Apartments?
In Athens, Greece, the serviced apartment sector is currently emerging and making its way into the city, poised to address a significant gap in the accommodation market.
Housing options in Athens have remained largely the same for decades, but the demand for accommodations from young professionals, corporations, students, and tourists has evolved significantly. As a result, the city is now embracing a new, long-overdue asset class. This growth phase presents a unique opportunity for investors to capitalize on this expanding market.
The developer has outlined a strategic vision to focus on expanding the portfolio of serviced apartment units, recognizing the demand and existing gap in the ultimate goal is continue to develop and add to an existing serviced apartment portfolio that will serve an array of asset types including student housing, hospitality and employee housing.
The Operator
For a complete Serviced Apartment portfolio to be developed, the developer is currently in discussions in partnering with international brands for the portfolio’s operation and management which will create and add value to the portfolio itself.
By pairing their extensive portfolio with trusted brands and operators, an ideal investment environment is created.
The operator then offers, a hassle free management option for them to not be involved in day to day operations or costs associated with operations and leave the investors with net annual income.
The Vision:
To Create a one of a kind serviced apartment complex within an ideal investment environment.
Athens Serviced Apartments Key Features:
- Total Units: 110 serviced apartments
- Average Unit Size: 23 sqm
- Completion Date: June/July 2025
- Amenities:
- 24/7 reception
- Secured premises
- Common professional laundry area
- Gym and study spaces
- Lounge/cinema area
- Co-working spaces
- Garden lounge area
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Athens Serviced Apartments Location:
The developers strategy involved acquiring assets in a prime location:
- Close to Universities
- In close proximity of the City Center
- With Easy Access to Transportation
- Close toFortune 500 Companies
In the case if Moschato Hive, the project is located in close proximity of the following places:
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- 75m from Moschato Metro Station
- 4.5 km from Athens Acropolis
- Close to the Port of Piraeus and Athenian Marina
- Nearby universities: University of Piraeus and Haracopio University
- Surrounded by cafes, restaurants, and major transportation hubs
Greece Golden Visa Eligibility
In September 2024, the Greek Golden Visa pricing was raised throughout the country, with the minimum investment requirement increasing to €800,000 in Athens. However, the government introduced a new law stating that those that invest into either commercial projects that are rennovated into residential property or old historic buildings that are refurbished can qualify for the golden visa with an investment of just €250,000.
This project falls under the renovation category and is therefore eligible at the discounted threshold. Golden Visa Investors can purchase two serviced apartments in this centrally located Athens serviced apartment project and qualify for residency through the Greece Golden Visa.
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The Investment
The developer focuses on ensuring a lease agreement that provides a high yield to the investor. Most Golden Visa investors do not relocate to Greece on a full time basis and are not interested in managing their own investment and therefore the investment must be hassle free for these investor.
For this reason, the tenant will cover all expenses, such as maintenance fees, operation fees, utilities, etc and will provide a NET lease. In summary, This turnkey investment solution allows owners to benefit from a secure, stable income, hassle-free with minimal involvement required.
The entire project is leased long-term (10 years) to a management company, ensuring stable returns with a guaranteed minimum yield starting at 4.2%.
Availability
| Ownership | Units | Total surface | Price | Monthly rental income | Guaranteed yield | Status |
| 1 | 101 | 51,18 | 275.000 € | 917 € | 4,0% | Available |
| 102 | ||||||
| 2 | 103 | 55,51 | 280.000 € | 934 € | 4,0% | Available |
| 104 | ||||||
| 3 | 105 | 60,1 | 290.000 € | 967 € | 4,0% | Available |
| 106 | ||||||
| 4 | 107 | 53,89 | 280.000 € | 934 € | 4,0% | Available |
| 108 | ||||||
| 5 | 109 | 56,75 | 280.000 € | 934 € | 4,0% | Available |
| 110 | ||||||
| 6 | 111 | 58,33 | 290.000 € | 967 € | 4,0% | Available |
| 112 | ||||||
| 7 | 113 | 59,86 | 290.000 € | 950 € | 3,9% | Available |
| 114 | ||||||
| 8 | 115 | 55,66 | 285.000 € | 950 € | 4,0% | Available |
| 116 | ||||||
| 9 | 117 | 29,26 | Reserved | |||
| 10 | 118 | 50 | 275.000 € | 917 € | 4,0% | Available |
| 119 | ||||||
| 11 | 120 | 49,53 | 275.000 € | 917 € | 4,0% | Available |
| 121 | ||||||
| 12 | 122 | 50,28 | 275.000 € | 917 € | 4,0% | Available |
| 123 | ||||||
| 13 | 124 | 52,31 | 275.000 € | 917 € | 4,0% | Available |
| 125 | ||||||
| 14 | 126 | 52,98 | 275.000 € | 917 € | 4,0% | Available |
| 127 | ||||||
| 15 | 128 | 52,71 | 275.000 € | 917 € | 4,0% | Available |
| 129 | ||||||
| 16 | 130 | 60,94 | 285.000 € | 950 € | 4,0% | Available |
| 131 | ||||||
| 17 | 132 | 61,81 | 285.000 € | 950 € | 4,0% | Reserved |
| 133 | ||||||
| 18 | 134 | 61,57 | 285.000 € | 950 € | 4,0% | Available |
| 135 | ||||||
| 19 | 136 | 34,17 | Reserved | |||
The Developer
The developer is one of the leading real estate development companies based in Athens with a focus in creating residential, commercial and hospitality real estate investment assets throughout Greece.
Their team consists of in-house architects, engineers, interior designers, project management, construction and legal departments allowing them to deliver projects on time and as planned.
The developer has pioneered the serviced apartment industry in Greece as it is one of the first
development companies to introduce the asset class to the Greek market, creating a significant serviced apartment portfolio.
Being on the forefront of the sector has allowed the company to obtain an overwhelming share of the market and offer hundreds of units to end users and investors.
