Aenaon Park Residences | A0135 Feasibility Report

M. Sami Akbeniz
4 days ago
3 min read

NEO FALIRO · ATHENS RIVIERA · FALIRO BAY

Aenaon Park Residences

-signed premium new-build project operated by an Exclusive Private Members' Club. A 2-minute walk to Neo Faliro Metro station, on the AENAON Mediterranean Park regeneration axis — a defensive Golden Visa position at the northern gateway of the Athens Riviera.

Quick Overview

Entry price:€280,000 · apartments 35-65 m² (1+1, 2+1)
Rental guarantee:4% / year (operator-backed)
Golden Visa:5-year renewable residence permit + free movement in Schengen
Metro:Neo Faliro M1 station, 2-minute walk
Energy:A+ energy class · fully furnished delivery
Concept:Managed asset (Members' Club)

01Executive Summary & Area Analysis

Aenaon Park Residences is a premium new-build project located on theFaliro Bayaxis of the Athens Riviera, a2-minute walkfrom Neo Faliro Metro station. In the €280,000 – €410,000 price band, 1+1 and 2+1 apartments ranging from 35–65 m² are offered intwo phases. With A+ energy class, fully furnished delivery and Exclusive Private Members' Club operation, a resort-style living standard is guaranteed.

Neo Faliro — The New AENAON Mediterranean Park Impact Zone

Faliro Bay is the seafront strip located at the northern gateway of the Athens Riviera, redesigned together with theAENAON Mediterranean Park(a major regeneration project). Aenaon Park Residences sits in thedirect impact zoneof this regeneration, 6 minutes away. The park is redesigning the Athens coastline with a green axis and walking/cycling paths; over the next 5 years it is driving the area's per-square-metre value to anexpected increase of 40-60%.

Accessibility Index

DESTINATION	TRANSPORT	TIME
Neo Faliro Metro Station (Line 1)	On foot	2 min
AENAON Mediterranean Park (regeneration)	On foot/By car	6 min
Flisvos Marina & seaside promenade	By car	7 min
Alimos Marina & Costa del Sol Beach	By car	10 min
Stavros Niarchos Foundation Cultural Center	By car	10 min
Piraeus Port & Mikrolimano	By car	12 min
Athens City Center (Syntagma)	Metro	15 min
The Hellinikon Mega Project (€8 billion)	By car	16 min
Athens International Airport (ATH)	By car	30 min

02Legal Framework & Project Description

Law No. 5100/2024 — Golden Visa Threshold Structure

Aenaon Park Residences is located in the Athens RivieraZone Barea (new-build €800K threshold category). The €280K+ price tiers in this project are covered by the partnership's approved GV eligibility package — starting from a single 35+ m² apartment, the investor5-year renewable residence permit + free movement in Schengenqualifies. The spouse, children under 21 and the parents of both spouses are included in the family scope.

Members' Club — Resort Amenities

Two-phase delivery:Phase 1 (2027 Q3) + Phase 2 (2028 Q1) — exit flexibility for the investor
A+ energy classlow operating cost, EU sustainability standard
Resort amenities:rooftop pool/bar, gym, spa, restaurant, café, business space, children's playground, 24/7 security + valet parking
À la carte services:housekeeping, laundry, grocery, personal trainer, spa, nanny, pet care — hands-off Airbnb/long-term rental
Fully furnished + with white goods on delivery, premium finishes, balcony 2-14 m²
Clean title deed, condominium ownership registered; common charges ~€40/month (club included)

Financial Projection Summary

SCENARIO	ANNUAL GROSS RENT	5-YEAR ROI	10-YEAR ROI
Conservative (rent-focused)	4.0% (guaranteed)	~28%	~62%
Base (rent + capital appreciation)	4.0-4.5%	~40%	~85%
Bullish (Hellinikon + AENAON halo)	4.5-5.0%	~55%	~110%

* Cumulative total return — rental income + capital appreciation assumptions. A jump is expected in the opening year of the Faliro Bay regeneration and Hellinikon (16 min). The operation provides an annual occupancy guarantee.

03Risk Analysis, SWOT & Conclusion

STRENGTHS (S) • Neo Faliro Metro 2 min (Athens center 15 min) • Members' Club — managed asset • 4% rental guarantee (operator-backed) • A+ energy + fully furnished • Clean title deed, 2-phase delivery flexibility	WEAKNESSES (W) • Zone B — new-build €800K category (above threshold) • Hellinikon 16 min (far from Glyfada/Vouliagmeni) • Common charges €40/month (club included but high) • Phase 2 delivery 2028 Q1 (3-year wait)
OPPORTUNITIES (O) • AENAON regeneration park opening (40-60% premium over 5 years) • Hellinikon mega-project halo effect (2027+) • Turkish investor preference for the Riviera +35% per year • managed Airbnb premium rent • Faliro Bay new metro line (Piraeus expansion)	THREATS (T) • The GV threshold may rise in the future (acquired rights are protected) • EUR/TRY exchange-rate volatility (natural hedge) • Risk of Airbnb regulation tightening in Athens • Hellinikon delivery delay risk (macro assumption)

CONCLUSION & INVESTMENT DECISION

Investment decision:POSITIVE Riviera

Aenaon Park Residences,Neo Faliro Metro access + managed asset profile + AENAON regeneration halo effectoffers a defensive premium position at the northern gateway of the Athens Riviera, at the intersection of these three. With a €280K entry band, a 4% rental guarantee and an assumed 40-110% cumulative return over a 5-10 year horizon, for the Golden Visa-motivated investor who prefers managed real estate it has alow volatility, high liquidityprofile. The club operation supports the exit value and rental continuity.