Feasibility report
TRINITY — Feasibility Report
Ampelokipi · central athens · greece golden visa · investment feasibility
TRINITY — Feasibility Report
TRINITY is a boutique building of 17 one-bedroom apartments in Ampelokipi (Ampelokipoi), one of central Athens' most established residential and business districts. It is a full conversion and renovation of a 1979 structure on Michalakopoulou Avenue, a few minutes from the city's commercial core, hospitals, offices and the metro. This report frames TRINITY not as a lifestyle purchase but as a compact, central-Athens income proposition on the €250,000 Golden Visa route: who rents in Ampelokipi, what the entry ticket actually buys in residency terms, and where the real risks sit. Prices start from €250,000; no per-unit price list has been published. Construction starts December 2026, with scheduled completion on 30 June 2028 (6-month grace period).
At a Glance
- Entry price: from €250,000 — the exact threshold for the €250,000 Golden Visa route.
- Location: Michalakopoulou 174, Ampelokipi, Athens 115 27 — central residential and business district.
- Product: 17 one-bedroom apartments in a full conversion of a 1979 building.
- Timeline: construction from December 2026; scheduled completion 30 June 2028 (6-month grace).
- Payment: 10% deposit, then 4-month installments.
- Residency: €250,000 Greek Golden Visa — family residency, Schengen access, no minimum-stay, renewable every 5 years, citizenship after 7 years.
Project Snapshot
| Item | Detail |
|---|---|
| Entry price | From €250,000 (€250K Golden Visa route) |
| District | Ampelokipi (Ampelokipoi), central Athens |
| Units | 17 × one-bedroom apartments |
| Building | Full conversion of a 1979 structure |
| Construction start | December 2026 |
| Completion | 30 June 2028 (6-month grace) |
| Payment plan | 10% deposit + 4-month installments |
Why TRINITY
Ampelokipi is one of those Athens districts that is hard to sum up in a single word — busy and familiar at once, modern but still tied to the older urban character of the city. Large avenues, offices, hospitals, cafés, shops and metro stations set a fast daily rhythm; behind the main roads, quieter streets and older apartment buildings keep the feel of a real neighbourhood. It is within walking distance of key city districts and close to green space, and functions as a genuine walker's paradise where most daily needs are covered on foot.
For an investor, that combination matters. A full conversion of a 1979 building on Michalakopoulou delivers new, efficient one-bedroom homes at the €250,000 entry point in a district where tenant demand is deep and year-round rather than seasonal.
Golden Visa Fit
TRINITY is priced at the exact €250,000 threshold, which keeps the residency route clean and predictable.
| Residency benefit | Detail |
|---|---|
| Investment route | €250,000 Greek Golden Visa |
| Who is covered | Main applicant, spouse, children and dependent parents |
| Mobility | Visa-free travel across the Schengen Area |
| Minimum stay | None required |
| Renewal | Every 5 years while the property is held |
| Citizenship | Eligible to apply after 7 years of residence |
Rental Outlook
Ampelokipi's tenant pool is broad and stable: students, young professionals, hospital and office workers, families and long-time residents. One-bedroom units in central Athens are the most liquid rental product in the market — easy to let, easy to re-let and easy to sell on. Demand here is driven by everyday city life rather than by tourism, which underpins occupancy through the year.
| Tenant segment | Why they rent in Ampelokipi |
|---|---|
| Young professionals | Metro access to the CBD, Kolonaki and Syntagma |
| Healthcare & office staff | Hospitals and large employers within the district |
| Students | Central location and transport links |
| Long-let families | Schools, supermarkets and services on foot |
The Units
| Type | Count | Notes |
|---|---|---|
| One-bedroom apartment | 17 | The most liquid rental format in central Athens |
| Building | 1 | Full conversion / renovation of a 1979 structure |
Risks & The Thesis
The principal risks are ordinary and manageable. TRINITY is a conversion delivered over time: completion is scheduled for 30 June 2028 with a 6-month grace period, so buyers should plan for a delivery window rather than a fixed date. No per-unit price list has been published, so pricing above the €250,000 floor should be confirmed unit by unit. As with any renovation of an older building, specification and finishing quality should be checked against the presentation before commitment.
The thesis is simple: TRINITY buys residency and a liquid, year-round rental asset at the €250,000 entry point, in a central Athens district where demand is structural rather than seasonal — a compact, defensible way onto the Golden Visa.
Avla Gayrimenkul A.Ş. — your trusted partner for the Greek Golden Visa. Contact us for the current unit availability, pricing and a full document review for TRINITY.
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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