VNIS Investment

Now selling · Piraeus, Athens

Ocean Gate Building PIR707

A former warehouse rebuilt into 20 apartments, minutes on foot from the port of Piraeus

Ocean Gate Building PIR707 sits in Agios Dionysios, Piraeus - the old industrial and warehouse quarter now under the heaviest redevelopment in greater Athens. A five-storey logistics building has been rebuilt to current EU construction standards as 20 apartments, four to a floor.

Thermopilon 53, Pireas 185 45, Greece
Book a consultationLayouts and prices
A former warehouse rebuilt into 20 apartments, minutes on foot from the port of Piraeus

At a glance

Location
Piraeus, Athens
Scale
5 floors, 20 apartments
Available
16 units, one bedroom
Size
46.30 - 56.45 m2 including balcony
Price
EUR 275,000 - 297,000
Expected handover
After 30 June 2028

What is worth saying about this building

  1. 01

    Four apartments per floor, not a long corridor

    Each floor holds only four apartments, each with its own kitchen, its own bathroom, and a living room separate from the bedroom. Not the single corridor serving dozens of doors that commercial conversions usually produce.

  2. 02

    No dark rooms

    The building takes light and air on all four sides. Windows are placed so that both the bedroom and the living room get daylight - not a given in a warehouse conversion.

  3. 03

    Large balconies, which Greek tenants pay for

    Balconies of 6 to 16 m2 wrap the apartments on the east, south and south-west faces. In Greece, sun and outdoor space move the rent noticeably.

  4. 04

    Finished to European standards

    Glass balustrades, high-grade aluminium frames with double glazing, and an energy rating of B or better. The lift sits on the north face, the least valuable side to live on.

From 275.000 EUR

Layouts and prices

Each floor holds four apartments in the four layouts below. The same layout repeats from the second to the fifth floor, the price rising with the floor. The figures are the developer's, copied without rounding.

Layout 01 - south-west corner - Ocean Gate Building PIR707

Layout 01 - south-west corner

1 bedroom · 1 bathroom · Indoor area 40.4 m²

Entrance faces east · Balcony faces south-west

The smallest balcony of the four, and in exchange the lowest entry price in the building.

UnitFloorTotal areaBalconyPricePrice per indoor m²
A1247.4 m²7 m²277.000 EUR6.856 EUR
B1346.9 m²6.5 m²281.000 EUR6.955 EUR
C1446.9 m²6.5 m²283.000 EUR7.005 EUR
D1546.9 m²6.5 m²287.000 EUR7.104 EUR

Price per m² is worked out on the legal indoor area, excluding the balcony. The developer's price list has no such column, and measured on total area a unit with a large balcony looks cheaper than it is.

Layout 02 - north side - Ocean Gate Building PIR707

Layout 02 - north side

1 bedroom · 1 bathroom · Indoor area 40.3 m²

Entrance faces north · Balcony faces south-west

A2 on the second floor carries a 13.50 m2 balcony, twice the size of the same layout on the floors above.

UnitFloorTotal areaBalconyPricePrice per indoor m²
A2253.8 m²13.5 m²277.000 EUR6.873 EUR
B2346.3 m²6 m²275.000 EUR6.824 EUR
C2446.3 m²6 m²277.000 EUR6.873 EUR
D2546.3 m²6 m²281.000 EUR6.973 EUR

Price per m² is worked out on the legal indoor area, excluding the balcony. The developer's price list has no such column, and measured on total area a unit with a large balcony looks cheaper than it is.

Layout 03 - two balconies - Ocean Gate Building PIR707

Layout 03 - two balconies

1 bedroom · 1 bathroom · Indoor area 40.45 m²

Entrance faces north · Two balconies, facing east and south

The largest total area in the building: A3 reaches 56.45 m2 on the back of a 16 m2 balcony.

UnitFloorTotal areaBalconyPricePrice per indoor m²
A3256.45 m²16 m²289.000 EUR7.145 EUR
B3349.15 m²8.7 m²289.000 EUR7.145 EUR
C3449.15 m²8.7 m²293.000 EUR7.244 EUR
D3549.15 m²8.7 m²297.000 EUR7.342 EUR

Price per m² is worked out on the legal indoor area, excluding the balcony. The developer's price list has no such column, and measured on total area a unit with a large balcony looks cheaper than it is.

Layout 04 - west side - Ocean Gate Building PIR707

Layout 04 - west side

1 bedroom · 1 bathroom · Indoor area 40.3 m²

Entrance faces west · Two balconies, facing east

The door faces west and the balconies east, so the bedroom takes the morning sun.

UnitFloorTotal areaBalconyPricePrice per indoor m²
A4249.8 m²9.5 m²281.000 EUR6.973 EUR
B4348.5 m²8.2 m²284.000 EUR7.047 EUR
C4448.5 m²8.2 m²289.000 EUR7.171 EUR
D4548.5 m²8.2 m²294.000 EUR7.295 EUR

Price per m² is worked out on the legal indoor area, excluding the balcony. The developer's price list has no such column, and measured on total area a unit with a large balcony looks cheaper than it is.

What is around it

  1. Piraeus metro station, about 10 minutes on foot

    The only interchange in Athens served by two metro lines: M1 runs straight to Monastiraki in the centre, M3 connects Syntagma Square and the international airport. Beside it sit the Proastiakos suburban railway and the tram to the southern beaches.

  2. The port of Piraeus, within walking distance

    Greece's largest passenger port, with ferries to Santorini, Mykonos and the Aegean islands. It is also a standing source of tenants: maritime staff and international visitors.

  3. Piraeus Port Plaza, 2 to 5 minutes on foot

    A green office quarter developed by DIMAND S.A. on the old Papastratos tobacco works, LEED certified and winner of the ULI Europe Award 2021. Alpha Bank and a number of technology and telecoms groups have taken offices there, and with them a standing demand for housing nearby.

  4. University of Piraeus, about 2 km

    A well-known school of economics, commerce and maritime studies, generating steady rental demand from students and junior faculty. Tzaneio public hospital is about a ten-minute drive.

  5. Shops and daily life, 3 to 10 minutes on foot

    Lidl and Sklavenitis are close by. Piraeus Tower, 1.5 km away, reopened after refurbishment with a shopping centre, a Zara flagship and restaurants with a view over the city. Neighbouring Kastoros is a run of old warehouses turned into cafés, bars and performance spaces.

  6. Green Urban Corridor, in planning

    The Piraeus authority is designing a 1.3 km linear park on the disused railway south of the building, with a footpath, a cycle lane and planting. It is still at the planning and engineering design stage, not yet under construction.

The project

  • Aerial view of the building
  • The building facade
  • The building at dusk
  • Living room, show apartment
  • Kitchen and dining area
  • Bedroom, show apartment

Terms of sale

Tenure
Freehold
Payment
Payment can be made immediately
Expected handover
After 30 June 2028
Sublease
Developer offers 3 years, building service fees waived

About the sublease programme

The three-year sublease and the profit figures beside it are the developer's offer, printed on the price list issued for this building. They are not a commitment by VNIS Investment. Before signing, read the sublease contract: who operates the unit, on what schedule the money arrives, and what happens if the tenant ends the lease early. For a Golden Visa file in particular, a qualifying property may not be let short-term in the Airbnb manner, so the operator's model has to be checked against that restriction before any money moves.

About the Golden Visa threshold for these apartments

Piraeus lies in Attica, where the standard Golden Visa threshold is EUR 800,000. This building falls under change of use from commercial to residential - the category that law 5100/2024 allows at EUR 250,000. The conditions attached: a single property, the change of use completed before the residence application is filed, and no short-term letting. Because handover is expected after 30 June 2028, when a residence file can be submitted depends on when the conversion is actually certified.

Read the Greek Golden Visa conditions →

Beyond Future

Want the remaining stock and the all-in cost?

We send the current price list, the drawing for each unit, and a full schedule of costs including tax, notary fees and our fee. The first meeting is free.

Book a consultationSee all projects

Not a newsletter

Tell me when Greece changes the rules

Sent only when something actually changes: an investment threshold, the years to citizenship, a programme opening or closing. Nothing else.

Renders and floor plans are supplied by the developer and are indicative. Prices, availability and programme follow the developer's documents as published and may change. This page is not legal advice, not an offer for sale, and carries no commitment about a residence permit being granted.