Description
An excellent investment property is available for sale in one of the most central locations of Nea Michaniona, with a total area of approximately 206 m² offering significant potential for renovation, conversion and division into multiple residential units. The property is arranged over two main levels: Ground Floor – 103 m² The ground floor consists of a large open-plan space, currently officially designated as storage space, with the possibility of investigating a change of use, subject to the applicable planning regulations and necessary approvals. The ground floor benefits from an independent entrance directly from the street, as well as two additional entrances from inside the building, providing considerable flexibility for its future configuration and potential use. First Floor – 103 m² Residential Unit The first floor is officially designated as residential space and, due to its size and layout, offers excellent potential to be divided into two or possibly more independent smaller apartments, subject to the appropriate technical study and approvals. Renovation works had already begun, and part of the plumbing system has been replaced. A major advantage of the property is the presence of balconies surrounding the building, creating a pleasant sense of openness and providing abundant natural light and excellent ventilation. Combined with the windows in all rooms, this makes the floor particularly suitable for a future layout incorporating multiple independent residential units. Access to both the first floor and the rooftop is provided via an internal staircase. Rooftop with Excellent Potential The upper level includes a small storage/boiler room and a laundry room, while insulation work has already been completed on the rooftop. The rooftop offers unobstructed views and an excellent sense of openness, creating attractive possibilities for the development of a roof garden or communal outdoor leisure area, subject to the applicable regulations and necessary approvals. This is a particularly interesting investment opportunity in the centre of Nea Michaniona, offering multiple possibilities for future development and utilization. The combination of its large total area, potential for creating multiple independent residential units, multiple entrances, surrounding balconies and usable rooftop makes the property especially attractive to investors, developers or buyers looking for a renovation project with potential for rental income or future resale. A property with significant development and investment potential in a central location of Nea Michaniona, Thessaloniki.
Features
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