VNIS Investment

Now selling · Nikaia, Athens

Orange Park NIK505

Nine apartments in Nikaia, a Line 3 metro station in the neighbourhood, priced below central Athens

Orange Park NIK505 is a four-storey building of nine apartments in Nikaia, a residential district south-west of Athens sitting between the city centre and the port of Piraeus. Nikaia station on metro Line 3 opened in 2020, running directly to central Athens and the international airport. This is a neighbourhood where locals actually live, not a tourist quarter.

Magnisias 53, Nikea 184 53, Greece
Book a consultationLayouts and prices
Nine apartments in Nikaia, a Line 3 metro station in the neighbourhood, priced below central Athens

At a glance

Location
Nikaia, Athens
Scale
4 floors, 9 apartments
Available
5 units: mezzanine, one- and three-bedroom
Size
50.70 - 98.50 m2 including balcony
Price
EUR 289,000 - 348,000
Expected handover
After 30 April 2028

What is worth saying about this building

  1. 01

    A metro station in the district, opened 2020

    Nikaia station sits on Line 3, about 15 minutes to central Athens and 40 to 45 minutes to the international airport. The line reached Nikaia and Piraeus in 2020, and that is what changed how the whole district connects.

  2. 02

    A real residential district, not a tourist one

    Nikaia sits within the Piraeus area and its 160,000-plus residents, with schools, hospitals and supermarkets inside a 1 to 2 km radius. The tenant pool is local residents, port and logistics staff, and people commuting into Athens.

  3. 03

    Three kinds of apartment in one building

    From a 50 m2 one-bedroom to a three-bedroom with a mezzanine at 98.50 m2. Few buildings this size offer both ends of that range, so one address serves both the buy-to-let purchaser and a family that will actually live there.

  4. 04

    Balconies up to 16 m2

    A3 and B3 each carry a 16 m2 balcony, nearly half the indoor area again. In Greece, outdoor space is something tenants pay for.

From 289.000 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.

Unit I1 - three bedrooms with a mezzanine - Orange Park NIK505

Unit I1 - three bedrooms with a mezzanine

3 bedroom · 2 bathroom · Indoor area 98.5 m²

Entrance faces north-west · No balcony

The largest unit in the building: 51.85 m2 on the ground floor plus a 46.65 m2 mezzanine. The drawing shows both levels of the same apartment, ground on the left and mezzanine on the right.

UnitFloorTotal areaBalconyPricePrice per indoor m²
I1198.5 m²0 m²348.000 EUR3.533 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.

Unit A1 - one bedroom, second floor - Orange Park NIK505

Unit A1 - one bedroom, second floor

1 bedroom · 1 bathroom · Indoor area 46.65 m²

Entrance faces north-west · Balcony faces north-east

The largest indoor area among the one-bedroom units, with a small balcony.

UnitFloorTotal areaBalconyPricePrice per indoor m²
A1250.7 m²4.05 m²320.000 EUR6.860 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.

Unit A3 - one bedroom, 16 m2 balcony - Orange Park NIK505

Unit A3 - one bedroom, 16 m2 balcony

1 bedroom · 1 bathroom · Indoor area 37.3 m²

Entrance faces south-west · Balconies facing north-east and north-west

The lowest entry price in the building, with a balcony nearly half the indoor area again.

UnitFloorTotal areaBalconyPricePrice per indoor m²
A3253.3 m²16 m²289.000 EUR7.748 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.

Unit B2 - one bedroom, third floor - Orange Park NIK505

Unit B2 - one bedroom, third floor

1 bedroom · 1 bathroom · Indoor area 42.35 m²

Entrance faces south-west · Balcony faces north-east

A balance of indoor area and balcony, on the highest floor currently available.

UnitFloorTotal areaBalconyPricePrice per indoor m²
B2352.05 m²9.7 m²326.000 EUR7.698 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.

Unit B3 - one bedroom, 16 m2 balcony - Orange Park NIK505

Unit B3 - one bedroom, 16 m2 balcony

1 bedroom · 1 bathroom · Indoor area 35.9 m²

Entrance faces south-west · Balconies facing north-east and north-west

The same price as A3 but a floor higher, with 1.40 m2 less indoor area.

UnitFloorTotal areaBalconyPricePrice per indoor m²
B3351.9 m²16 m²289.000 EUR8.050 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. Nikaia station, metro Line 3

    In service since 2020. About 15 minutes to central Athens and 40 to 45 minutes to Athens international airport.

  2. Port of Piraeus, 5 to 10 minutes away

    Greece's largest port and one of Europe's biggest, handling more than 20 million passenger journeys a year. It is the job market and the tenant pool for the whole area.

  3. Central Athens, 15 to 20 minutes

    The Acropolis is about 9.5 km away, the old quarter of Plaka about 10 km, and the Stavros Niarchos cultural centre about 7.5 km.

  4. Everyday amenities within 1 to 2 km

    Schools, hospitals, supermarkets and public facilities already serving a dense local population, rather than waiting for a new district to fill up.

The project

  • The facade from the street
  • Living room, show apartment
  • Dining area looking over the city
  • Kitchen and dining table
  • Kitchen, show apartment

Terms of sale

Tenure
Freehold
Expected handover
After 30 April 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 as printed on the price list, 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, a qualifying property may not be let short-term, so the operating model has to be checked against that restriction before any money moves.

About the Golden Visa threshold for these apartments

Nikaia lies in Attica, where the standard Golden Visa threshold is EUR 800,000. The developer presents the project from EUR 250,000, which relies on the change-of-use category under law 5100/2024. Before any money moves, ask the developer for the documentation proving the building qualifies under that category: without it the applicable threshold is EUR 800,000, and a EUR 289,000 apartment would not support a residence application. This is the first question we put to any project marketed at EUR 250,000 inside Attica.

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.