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Merhaba arkadaşlar, Pire’nin sahil hattında, denize iki sokak mesafede iki aile dubleksi. Bugün Kastella’dan Royal Marina Residences.
Apartment types, current price range and location: see the project page
A conversion scheme by Royal Investments Group on Megalou Alexandrou street in the Kastella district of Piraeus. The scheme has two units and both are two storey family houses: three bedrooms, two of them ensuite, and a guest WC. They are delivered furnished and fitted, and both fall into the Golden Visa 250,000 euro band.
Prices
- GA1, sokak cephesi: alt kat 46,45 m², üst kat 54,80 m², toplam 101,25 m², ayrı mutfak, €325.000
- GA2, yeşil avlu cephesi: alt kat 54,05 m², üst kat 54,50 m², toplam 108,55 m², sekiz kişilik yemek alanına açılan mutfak, €330.000
- Üç yatak odası, iki ensuite banyo ve bir misafir tuvaleti
- Alt katta yaşam alanı, üst katta yatak odaları, iç merdivenle bağlı
- Delivered furnished and equipped
- Teslim 2027 ikinci çeyreği, üzerine 3 ay pay
- Golden Visa 250.000 euro bandı
- Adres: Megalou Alexandrou 7-9, Kastella, Pire
Royal Investments Group, Atina ve Pire’de mevcut binaları konuta çeviren bir geliştirici. Bu proje de 1977 tarihli ruhsatlı bir binanın dönüşümü. Golden Visa açısından önemli bir ayrım: kullanım değişikliği projeleri 250.000 euro bandına giriyor ve tapu mevcut bina üzerinden alınabiliyor.
Neden Royal Marina Residences?
What you buy here is a house, not an apartment. Both units are two storey family houses linked by an internal staircase: living space on the lower floor and three bedrooms above. Finding that arrangement between 101 and 108 square metres on the Piraeus coast, on the same budget, is hard in central Athens. The second point is the location: the metro at 200 metres, the nearest hospital at 500 and the sea at 600. Everything needed day to day stays within walking distance.
- Denize iki sokak, Mikrolimano yürüyerek 11 dakika
- Metro istasyonu 200 m, Neo Faliro istasyonu (1. hat) 8 dakika
- Pire Limanı 1.500 m, Marina Zeas ve feribot terminalleri kısa sürüş mesafesinde
- Kastella sits on the liveliest stretch of the Piraeus coast, with Mikrolimano, Pasalimani and Zea Marina
Daily life
Kastella is the established district of Piraeus looking down from the hill to the sea. Mikrolimano’s fishing harbour and its line of restaurants are within walking distance, and Pasalimani and Zea Marina a short drive. The residential fabric is intact, and the shop, pharmacy and school needs are met on the street. With the metro at 200 metres, getting into central Athens without a car becomes a daily habit.
Kiracı profili ve kira
The scheme offers no rent guarantee. A three bedroom house over two floors is aimed at families staying long term, and the short let dynamic of a one bedroom studio does not apply here. The developer provides property management for three years, with a management fee of 20% of the gross rent. The yield calculation has to be built on the market rent after handover; a buyer who wants a guaranteed figure is better served by Flevas or Royal E5.
Donanım ve cephe
- Cephe yenilenmiş, yivli cam ve gömme aydınlatmalı giriş
- Geniş ahşap zemin, ceviz dolaplar, taş tezgahlar, mat siyah armatürler
- GA1’de ayrı mutfak, GA2’de yemek alanına açılan mutfak
- İki ensuite banyo ve bir misafir tuvaleti
- Three years of property management, at a 20 percent fee
Who is buying?
It suits a buyer looking for a single property in the Golden Visa 250,000 euro band who wants a house layout rather than an apartment. Three bedrooms over two floors works for anyone planning to use it with family or to let it long term. For anyone who would rather not hunt for a tenant after handover, the guaranteed schemes are the place to look, because there is no guarantee here.
Total cost: what do you actually pay when you buy at Royal Marina Residences?
There is no stamp duty in Greece. Because this scheme is the conversion of an existing building, the 24% VAT that applies to new build does not arise either; the buyer pays a 3.09% transfer tax instead. The table below is indicative, based on the GA1 price.
| Item | Amount |
|---|---|
| Property price | €325,000 |
| Property transfer tax (3.09%) | €10,042 |
| Notarial fees (1.70%, VAT included) | €5,525 |
| Legal fees and due diligence (1.24%) | €4,030 |
| Land registry (0.70%, VAT included) | €2,275 |
| Fixed items (engineer, E9, power of attorney, postage) | €684 |
| Approximate total | €347,556 |
If you will apply for a residence permit, state fees, the permit card and health insurance are calculated separately. For your own scenario you can use our Greece purchase cost calculator.
What to Check Before You Decide
- The conversion consent has not been granted yet. The building stands under its 1977 consent and the conversion consent is in progress, so the handover timetable follows from that.
- No rent guarantee is offered. The first year’s rent is set by the market, and we work out the band together from current data.
- The project has two units. The layout options are GA1 and GA2.
- Handover in 2027. An off-plan purchase; the money is committed until handover.
- The Golden Visa payment rule. The qualifying amount has to be paid in full before the application.
How does it compare with the alternatives?
- Royal E5 Residences: Atina güneyinde Agios Dimitrios’ta iki zemin kat dairesi, €260.000’dan, geliştiricinin kira garantisiyle.
- Flevas: one apartment remains in Ilion at €280,000, with a €24,000 rent guarantee over three years.
- Royal Boutique Collection: a 24 apartment scheme in northern Athens with a pool and a gym, from €250,000.
- We have gathered the Golden Visa thresholds and the payment rule on our Greece pages.
We can work out together which scheme fits your goal, based on your budget, your intended use and your exit plan. For the current status of GA1 and GA2, the floor plans and the payment plan, get in touch with us.
Answers to the most common questions on this topic: Is It Worth Buying Property in Piraeus?
