Newly Built Investment Building for Sale in Patras – 12 Fully Furnished Apartments
A newly built investment property, constructed in 2023, is offered for sale in a prime seafront location in Patras, directly facing the sea and the South Park.
The property comprises 442 sq.m. of main-use areas and consists of a 70 sq.m. ground-floor commercial unit and four additional floors with a total area of 372 sq.m., accommodating 12 self-contained apartments, three on each floor. In addition, the property includes a 150 sq.m. basement, which is also served by the elevator.
This is a highly flexible investment property offering multiple potential uses, including short-term rentals (Airbnb), hotel operation, student accommodation, or long-term residential rentals.
AIRBNB – SHORT-TERM RENTAL USE
The building is fully furnished, fully equipped, and ready for immediate operation, requiring virtually no additional investment in furnishing or equipping the apartments.
Each apartment features:
One double bed and one single bed
Large, fully equipped kitchen
Wardrobes and complete furnishings
Heating and cooling system
55-inch television
Curtains
Key-card entry and exit system
LED lighting
Private bathroom
Private balcony
All necessary equipment for operation as tourist accommodation
The existing layout and comprehensive equipment allow an investor to begin operating the 12 apartments immediately through short-term rental platforms.
POTENTIAL FOR HOTEL USE
The property has been designed in a way that also provides the potential for conversion and operation as a hotel or serviced accommodation property.
A significant advantage is the elevator configuration. The elevator has two entrances, allowing access to the upper floors through the ground-floor commercial unit. It also serves the 150 sq.m. basement.
The ground-floor commercial unit could therefore be converted into a reception and lobby area, creating an organized entrance and guest reception space with direct elevator access to the accommodation units on all four upper floors.
Another major advantage for potential hotel use is the generous size of the individual units. The apartments range from 26.91 sq.m. to 33.30 sq.m., providing particularly comfortable and spacious accommodation. By comparison, typical hotel rooms are often designed within smaller floor areas, highlighting the considerable space advantage offered by these units.
The views towards the sea, the South Park, and the Church of Saint Andrew, combined with the private balconies, contemporary construction, and generous unit sizes, significantly enhance the property's tourism and hospitality potential.
STUDENT ACCOMMODATION – LONG-TERM RENTAL USE
Alternatively, the building can be operated as organized student accommodation or as a complex of fully furnished apartments for long-term rental.
The investor may retain the ground-floor commercial unit as a separate income-producing asset and lease it to a business, while simultaneously renting the 12 fully furnished and equipped apartments on the four upper floors independently to students or other long-term tenants.
This structure creates two distinct income streams — commercial and residential — within the same investment property.
DETAILED FLOOR AREAS
Ground-floor commercial unit: 70 sq.m.
Basement: 150 sq.m.
The basement is served by the elevator.
1st Floor – 93 sq.m.
A1: 28.08 sq.m.
A2: 33.30 sq.m.
A3: 31.79 sq.m.
2nd Floor – 93 sq.m.
B1: 28.08 sq.m.
B2: 33.30 sq.m.
B3: 31.79 sq.m.
3rd Floor – 93 sq.m.
C1: 28.08 sq.m.
C2: 33.30 sq.m.
C3: 31.79 sq.m.
4th Floor – 92 sq.m.
D1: 26.91 sq.m.
D2: 33.30 sq.m.
D3: 31.79 sq.m.
KEY PROPERTY FEATURES
Year of construction: 2023
Main-use areas: 442 sq.m.
Basement: 150 sq.m.
Location: Patras, Greece
Position: Seafront, directly facing the sea and the South Park
Ground-floor commercial unit: 70 sq.m.
Residential floors: 4
Number of apartments: 12
Apartments per floor: 3
Furnished: Fully furnished
Condition: Excellent – ready for immediate operation
Elevator: Serves all floors and the basement
Ground floor: Can be operated independently as a commercial unit or converted into a reception/lobby area
The two front-facing apartments on each floor enjoy excellent views of the sea and the South Park, while the third apartment offers a partial view towards the Church of Saint Andrew.
Large balcony doors provide abundant natural light, while every apartment has its own private balcony, with sufficient space for the creation of an outdoor seating area.
Exclusive Listing
Asking Price: €1,300,000
Property Code: 3417
Building - 368 sq.m.
