Riviera Seascape — A0170 Feasibility Report

FEASIBILITY REPORT · ALIMOS · ATHENS RIVIERA · GOLDEN VISA

Riviera Seascape (A0170) is a completed, serviced 33-unit residential reconstruction in Alimos, on the middle stretch of the Athens Riviera. It is one of six projects in our August 2026 new-listings selection and the only one that is both serviced and finished. The building, with a reception and a gym, is ready for delivery; 32 of the 33 units are gone and a single apartment remains for sale.

This report brings together location and transport, the building and unit mix, current inventory and pricing, the Golden Visa framework, the rent-and-yield outlook and the risks. Inventory and prices are based on the list dated 1 July 2026; availability can change during the day and final confirmation takes place at contract stage.

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Location and Transport

Alimos is the middle stretch of the Athens Riviera. The project sits in an established neighbourhood close to the largest marina in Athens and to the seafront; the restaurant and cafe strip and the beaches are within walking or a short driving distance. The address is Fan Valk 3, Alimos (map coordinates are approximate and should be read at area level).

An M2 metro station serving the area works together with the coastal tram, and access to the city centre and the airport is comfortable. The combination of a near-sea location, the liveliness around the marina and public transport is the area's strongest card both for living and for letting.

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Building and Project

The building is a completed 33-unit reconstruction, run as a serviced property with a reception and a gym — the only project in our selection that is both serviced and finished. With construction behind it, the buyer decides on a finished product; there is no project or delivery risk.

Units span 27–46 m² net internal area and are predominantly one-bedroom. Ground-floor apartments come with gardens or terraces of 25–143 m², upper floors have small balconies, and the floor plan repeats identically across five levels. The top (sixth) floor holds terraced units — all of them sold.

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Unit Inventory and Pricing

The current position per the 1 July 2026 list is below; the listing price range is 330.000 € - 455.000 €.

• F4 — 6th floor, 29 m² net + 3.25 m² balcony, one bedroom: 330.000 € — AVAILABLE (the last unit for sale)

• I4 — ground floor, 46 m² net + 132 m² garden, one bedroom: 455.000 € — RESERVED (under option; could become a second choice if the option lapses)

• The remaining 31 units are sold; effectively 32 of 33 are gone

• Ground-floor units carry 25–143 m² gardens/terraces; upper floors have small balconies; the sixth floor has 21–22.5 m² terraced units (sold)

• Prices are list prices as at 1 July 2026; availability can change during the day

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Golden Visa

Within the Greek Golden Visa framework, €250,000 is not a location threshold; it is a special route valid only for properties on the change-of-use (conversion) or reconstruction path whose conversion is complete. The standard investment threshold in Attica for non-conversion property is €800,000.

Riviera Seascape's reconstruction is complete and the building is ready for delivery, so the completion condition of the €250,000 route is met today — the cleanest Golden Visa file in our selection. While projects still under construction see the residence application fall after handover, there is no waiting here. The current price is comfortably above the threshold, and the deed value must never fall below €250,000.

The programme's general rules also apply: the residence permit runs for five years and renews while the property is held; Airbnb-type short-term letting is not permitted on a Golden Visa property, and selling the property cancels the permit.

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Rent and Yield

The tenant base consists of local professionals who want to live near the sea and long-term foreign residents; the marina area creates a stable year-round demand base that does not depend on the tourist season. Riviera rent levels combined with a mid-size unit mix keep gross yield mid-band, while void risk stays low.

Because short lets are closed on a Golden Visa property, the yield thesis must rest on long-term letting. As the building is finished, rental income can start without waiting: deed today, rent today. The reception and gym are a differentiating comfort factor for attracting and keeping tenants at these sizes; on the other hand, a serviced building brings service charges and running costs.

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Risks

The following risk items should be weighed before an investment decision:

• Area prices have risen quickly in recent years; the entry point in Alimos is no longer cheap

• Summer traffic along the seafront is heavy

• With one unit left there is little room to negotiate and no alternative inside the building

• At 29 m², the price per m² of the last unit is at the upper end of this selection

• F4 is on the top floor but its balcony is small (3.25 m²)

• I4, the potential second choice, is under option; if the option holds, F4 is the only choice

• A serviced building (reception + gym) carries service charges and running costs; the amount should be clarified before purchase

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Assessment

Riviera Seascape represents the last unit in a finished, serviced building with proven sales performance. That 32 of 33 units are gone is the most concrete evidence of demand in the area. It is a file with no construction risk, offering deed today and rent today, and moving without waiting on the Golden Visa side; the Riviera location and marina proximity support liquidity at resale.

Who it suits: an investor who wants no construction risk, targets an immediate deed and immediate rental income, and values the comfort of a serviced building. Conversely, with a per-m² price in the upper band it is not the first pick for a purely yield-driven investor, and with a single unit left it does not serve a buyer looking to build a multi-unit portfolio. The decision needs to be quick: there is no alternative to the last unit.

Next step: on request we prepare a current availability check, payment plan, floor plan and the Golden Visa file steps for you. Region report: Athens Riviera Golden Visa Region Report.

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Avla Gayrimenkul A.Ş. — your trusted partner for the Greek Golden Visa. Contact us for current availability, payment plans and the residency file steps for this project: realestate@avla.com.tr · +90 532 282 2657