PIRAEUS · SOUTH ATHENS PORT CITY · GREECE GOLDEN VISA
Piraeus Serenity Residence — Feasibility Report
Piraeus Serenity Residence is a luxury serviced-apartment development at 51 Vasilikon Street in Piraeus, the historic port city on the southern edge of the Athens metropolitan area. Combining hotel-grade amenities with turnkey ownership, it is engineered for investors who want a hands-off asset that qualifies for the Greek Golden Visa at the €250,000 threshold while delivering a contractually guaranteed net rental yield.
Investment Snapshot
| Metric | Detail |
|---|---|
| Entry price | €250,000 (Golden Visa route) |
| Location | 51 Vasilikon str, Piraeus, South Athens |
| Unit types | Studios + 1 & 2-bedroom serviced apartments |
| Sizes | 20.10 – 58.80 m² |
| Net rental yield | 4% guaranteed annually |
| Capital appreciation | 5–8% estimated annually |
| Condition | Turnkey / ready, fully serviced |
| Management | Professional property management included |
Why Serenity
Serenity is not a standard apartment block — it operates on a serviced-apartment model, closer to a branded aparthotel than to conventional residential stock. Owners hold title to a private unit while an on-site operator runs the building as a hospitality asset, capturing short-let and extended-stay demand and handling every operational task on the owner’s behalf.
- Rooftop pool with an open-air pool cinema for residents.
- Rooftop bar & restaurant-café overlooking the Piraeus skyline.
- Wellness club gym, sauna and massage facilities.
- Reception & concierge with daily housekeeping service.
- Gated entrance secured, access-controlled building.
For a foreign investor, this is the defining advantage: the asset generates income without demanding the owner’s time. Housekeeping, guest turnover, maintenance and letting are all handled by the management team, making Serenity a genuinely hands-off yield instrument rather than a property to actively manage.
Golden Visa Fit
Piraeus sits within a zone where the Greek Golden Visa minimum property investment is €250,000. Serenity is priced and structured specifically for this route: a single qualifying unit secures residency permits for the main applicant, their spouse, dependent children and both sets of parents, with no obligation to live in Greece and no minimum-stay requirement to maintain the permit.
- Minimum investment: €250,000 in real estate.
- Family coverage: main applicant, spouse, children and parents.
- Residency benefit: visa-free travel across the Schengen Area.
- Renewal: permit renewable while the property is held.
At €250,000, Serenity places Golden Visa eligibility and a fully managed, income-producing asset inside the same purchase — a rare combination at this entry point.
Rental & Yield Outlook
The headline figure is a 4% guaranteed net annual yield, contracted rather than projected — the return is fixed regardless of month-to-month occupancy, removing the vacancy risk that normally sits with a residential landlord. On top of that, an estimated 5–8% annual capital appreciation reflects Piraeus’s trajectory as the Athens area’s port-driven growth pole.
| Return component | Figure |
|---|---|
| Guaranteed net yield | 4% per year (contracted) |
| Estimated appreciation | 5–8% per year |
| Vacancy risk | Borne by operator, not owner |
| Income model | Serviced / short-let demand |
Piraeus underpins these numbers with real demand. As Greece’s largest port and a major cruise and ferry gateway, the city draws a steady stream of maritime professionals, cruise passengers and tourists — a natural short-let market for serviced apartments. Piraeus Port lies roughly 1 km away and Athens International Airport around 26 km, keeping the building well connected for both guests and owners.
Unit Mix
| Unit type | Size range | Best suited to |
|---|---|---|
| Studio | 20.10 – 30 m² | Highest-turnover short-let yield |
| 1-Bedroom | 30 – 45 m² | Balanced yield & appreciation |
| 2-Bedroom | 45 – 58.80 m² | Longer stays & family lets |
Investment Thesis
Piraeus Serenity Residence answers the single most common request from Golden Visa investors — residency plus a truly passive return — by pairing the €250,000 entry threshold with a contractually guaranteed 4% net yield and a professionally managed, amenity-rich serviced-apartment model in one of the Athens area’s strongest growth locations.
Avla Gayrimenkul A.Ş. — your trusted partner for the Greek Golden Visa. Contact us to reserve a unit at Piraeus Serenity Residence or to review the full investment file.
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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