Feasibility report
Next-Generation Loft (Loft B3) — Feasibility Report
Kareas · vironas · south-east athens · greece golden visa · investment feasibility
Next-Generation Loft (Loft B3) — Feasibility Report
Next-Generation Loft is a contemporary conversion project on Kareas hill, in the Vironas municipality of south-east Athens, where commercial space has been rebuilt into modern, fully equipped loft residences. This report assesses the project as a Golden Visa investment, grounded in the actual unit mix, pricing and location of the listing.
Investment Snapshot
- Entry price: €255,000 (Loft B4); featured unit Loft B3 at €300,000
- Golden Visa route: €250,000 change-of-use threshold (commercial-to-residential conversion)
- Location: Kareas, Vironas — green hillside, ~15 min to Athens centre
- Unit mix: Four 1+1 lofts, 43.30–51.55 m², second floor
- Guaranteed rental: 3% per annum
- Delivery: Floor lofts delivered fully equipped
Why This Property
Kareas pairs a calm, green hillside setting with fast access to the heart of Athens. The lofts are handed over fully equipped, designed in a clean modern style that suits both owner-occupiers and the rental market.
- Kaisariani Forest just 5 minutes away — nature on the doorstep
- Athens centre and the metro mall within ~15 minutes
- Attiki motorway in 7–8 minutes; Athens Airport in ~30 minutes
- Port of Piraeus in ~20 minutes; universities 7–15 minutes
- Schools, sports facilities, supermarkets and cafés within walking distance
Golden Visa Fit
Greece grants a five-year, renewable residence permit to investors who buy qualifying real estate. For commercial-to-residential conversion projects such as this one, qualification is anchored at the €250,000 change-of-use threshold — and every loft in this project clears that level. The permit covers the main applicant, spouse and dependent children, requires no minimum stay, and is renewable so long as the property is held.
Note: this is general programme information, not legal advice. Qualifying thresholds and procedures should always be confirmed with a licensed advisor before purchase.
Rental & Yield Outlook
The project carries a 3% guaranteed annual rental yield, giving investors a defined income floor from day one while the area continues to mature. Kareas benefits from steady residential demand — proximity to universities, hospitals and central transport axes supports consistent occupancy across both long-term and short-stay lets.
| Unit | Price | Guaranteed yield | Indicative annual rent |
|---|---|---|---|
| Loft B4 | €255,000 | 3% | €7,650 |
| Loft B3 (featured) | €300,000 | 3% | €9,000 |
Units & Pricing
| Unit | Layout | Interior area | Price |
|---|---|---|---|
| Loft B1 | 1+1 | 45.35 m² | €270,000 |
| Loft B2 | 1+1 | 43.30 m² | €280,000 |
| Loft B3 | 1+1 | 51.55 m² | €300,000 |
| Loft B4 | 1+1 | 44.60 m² | €255,000 |
For an investor weighing residency against return, Next-Generation Loft offers a rare combination: a Golden Visa-eligible entry from €255,000, a fully equipped move-in-ready product, a 3% income floor, and a green Athens hillside that is still appreciating.
Avla Gayrimenkul A.Ş. — your trusted partner for the Greek Golden Visa. Talk to our team to reserve a unit, review the full price list, or plan your residency application.
A senior economist, graduate of Université Paris 1 Panthéon-Sorbonne, and a graduate of Istanbul University Business Administration with 33 years in business; founder of Avla. Today the focus is Greece: homes for Golden Visa and for investment. He reads every shortlist and every agreement himself.
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