Spaton Avenue Residences, Gerakas

Spaton Avenue Residences is the conversion of an office building at Leoforos Spaton 35 into modern homes in Gerakas, a calm, green suburb in north-eastern Athens. With its signature porthole windows and deep horizontal overhangs, the building is being transformed into four fully independent one-bedroom apartments on the first floor.

Commercial-to-residential conversion and the Golden Visa

In Greece, properties converted from commercial to residential use qualify for the Golden Visa at the €250,000 investment threshold. Prices here range from €250,000 to €254,000, so each apartment meets the threshold on its own – giving you a pathway to European residency together with a rentable, low-maintenance asset.

Location

Gerakas offers a relaxed residential setting with efficient access to central Athens, the Attiki Odos motorway and Athens International Airport. Everyday essentials are close at hand:

• Bus stop approx. 90 m away, with many more lines within 400 m
• Pallini station (metro and suburban rail) approx. 1.3 km
• Lidl approx. 360 m, with AB Vassilopoulos and other supermarkets within walking distance
• Pharmacies, bakeries, cafés, a bank and a post office within 500 m
• Numerous kindergartens and schools, sports facilities and parks nearby

The apartments

The four first-floor homes are one-bedroom apartments of approx. 40–40.4 m² interior area, each with open-plan living and kitchen, a separate bedroom and bathroom, and independent access from the common hallway. Interiors feature marble-effect surfaces, glass shower partitions, black fixtures, warm wood tones and integrated storage for a hotel-inspired finish.

Delivery and investment outlook

All permits and documents are in place, construction has started and delivery is scheduled for January 2027. Compact one-bedroom homes are in steady demand from young professionals, couples and long-term tenants, offering stable rental income with low running costs and long-term value retention.