Once a utilitarian auto workshop on P. Mela Street, this four-storey structure is being thoughtfully reimagined into an intimate residential enclave of six apartments — five available to investors and one penthouse already reserved. The conversion honours Athens' evolving urban fabric — transforming industrial bones into contemporary luxury with architectural integrity, premium materials, and a restrained aesthetic that speaks to discerning owners and investors alike.
The five available residences are identical 2-bedroom, 2-bathroom layouts across three floors, each offering 89 sqm of intelligent, open-plan living. Featuring floor-to-ceiling indirect lighting, natural marble accents, and custom wood veneer joinery, every unit balances warmth with modernity. The reserved sixth unit (3B) is a smaller 1-bedroom penthouse with a private rooftop terrace. Completion is slated for September 2026, with delivery fully furnished and turnkey — ready for immediate occupancy or seamless rental management under Greece's Golden Visa programme.
Golden Visa Eligible — €250,000 conversion threshold. All 5 units qualify independently.
Location
Agios Ioannis Rentis, West Athens
Golden Visa
Eligible from €250,000 (conversion)
Price Range
€320,000 (5 available units)
Unit Sizes
~89 sqm interior
Price / sqm
~€3,596
Available
5 of 6 units
Project Type
Commercial-to-Residential Conversion
Completion
Sep 2026 (estimated)
Delivery
Fully furnished, turnkey
Parking
Street parking · Rentis Railway 800m
Developer
Zhao’s Holding Development
After-Sales
Property management available
Mela Athens Residences — Open-plan living with contemporary kitchen and refined finishes
€320,000
From
89 sqm
Interior Area
2 Bed 2 Bath
Every Unit
Sep 2026
Completion
1 of 6 units reserved · 17% committed5 remaining
Prime Location
Agios Ioannis Rentis — Athens' Emerging West
Positioned at the dynamic intersection of central Athens and Piraeus, Agios Ioannis Rentis is a zone undergoing rapid urban renewal. Former industrial sites are giving way to creative studios, boutique residences, and adaptive reuse projects — offering early-mover advantage in Athens' next chapter of growth.
Rentis Railway Station~800m walk
Nikaia Metro (Line 3)~2km
Piraeus Port10 min drive
Athens City Center (Syntagma)20 min drive
Athens School of Fine ArtsNearby
Karaiskakis Stadium~1.5km
Athens International Airport40 min by car
Local bus connectionsNearby
Rooftop terrace with pergola — outdoor living overlooking the neighbourhoodConstruction progress — roof structure complete, on track for Sep 2026 delivery
Amenities & Services
Designed for Modern Living
Open-Plan Living
A fluid, light-filled layout unites living, dining, and kitchen areas beneath ambient LED coves and refined material palettes.
Modern Kitchen
Sleek cabinetry, integrated appliances, and a generous island with bar seating anchor a chef-ready culinary space.
Master Suite
A tranquil primary bedroom features an en-suite bathroom and full-height sliding wardrobes in warm wood veneer.
Dual Bathrooms
Both bathrooms showcase rain showers, wall-hung fixtures, and illuminated mirrors for spa-like daily rituals.
Private Balcony
Step outside to a private balcony designed for morning coffee or evening aperitifs overlooking the Athens skyline.
Fully Furnished
Move in — or rent out — immediately with a curated, high-design furniture package included at no extra cost.
Master suite — Refined comfort with en-suite bathroom and bespoke wardrobes
Complete Inventory
All 6 Residences
Full unit overview including interior area, outdoor space, bedrooms, and current status. Available units highlighted in gold.
Unit
Floor
Interior (sqm)
Outdoor (sqm)
Bedrooms
Price
Status
Floor 1
1A
1st
89 sqm
Balcony
2 Bed / 2 Bath
€320,000
Available
1B
1st
89 sqm
Balcony
2 Bed / 2 Bath
€320,000
Available
Floor 2
2A
2nd
89 sqm
Balcony
2 Bed / 2 Bath
€320,000
Available
2B
2nd
89 sqm
Balcony
2 Bed / 2 Bath
€320,000
Available
Floor 3
3A
3rd
89 sqm
Balcony
2 Bed / 2 Bath
€320,000
Available
3B
3rd
~65 sqm
Terrace
1 Bed / 1 Bath
—
Reserved
Available Residences
Five Identical Residences, Three Floors
Each of the five available units offers the same generous 89 sqm layout with 2 bedrooms, 2 bathrooms, and turnkey delivery. The only difference is floor level — higher floors enjoy better light and views.
Every residence — 89 sqm of open-plan living, delivered fully furnished
Building Specifications
Architecture & Floor Plans
Building Structure
4-storey conversion from commercial to residential. Ground floor: utility/storage. Floors 1–3: 2 apartments per floor. Reinforced concrete frame with modern seismic standards.
Unit Specifications
Each 2-bedroom unit features open-plan living/dining/kitchen, master suite with en-suite, second bedroom with guest bathroom, private balcony, and full furniture package.
Architectural Floor Plans
Typical 2-Bedroom Layout (~89 sqm) — All 5 available units
Investment Analysis
Value & Returns
Unit
Interior
Price
€/sqm
Score
Profile
3A
89 sqm
€320,000
€3,596
8.8
Best Floor
2A
89 sqm
€320,000
€3,596
8.6
Mid-Floor
2B
89 sqm
€320,000
€3,596
8.6
Mid-Floor
1A
89 sqm
€320,000
€3,596
8.4
Easy Access
1B
89 sqm
€320,000
€3,596
8.4
Easy Access
Area
Avg €/sqm
Mela41 €/sqm
Note
Ag. I. Rentis (area avg)
~€1,292
€3,596
New-build premium, turnkey
Athens (city avg)
~€2,450
€3,596
Competitive for new-build
Kolonaki
€5,000–5,400
€3,596
Significant savings
Athens Riviera (RS88)
€3,607–€5,921
€3,596
Comparable value, 2-bed
Rental Yield Projections
Long-term Rental (Gross)4.0–5.0%
Delivery TimelineSep 2026
ConditionBrand New — Fully Furnished
Est. Monthly Rent€1,100–€1,350
At approximately €3,596 per sqm, Mela Athens Residences is exceptionally competitive for a turnkey, new-build 2-bedroom residence with premium specifications. Comparable developments in central Athens neighbourhoods often exceed €5,000/sqm, while older stock lacks both modern amenities and Golden Visa eligibility. Unit 3A on the top available floor offers the best light and views — recommended for investors seeking the strongest rental appeal.
This information is for illustrative purposes only and does not constitute investment advice.
* Projected estimates for illustrative purposes only. Actual returns may vary.
Greek Golden Visa
€250,000
Residency Through Real Estate
Mela Athens Residences is a commercial-to-residential conversion qualifying for Greece's Golden Visa programme at the favourable €250,000 threshold — significantly below the standard €400,000 or €800,000 requirements for new residential purchases.
Every unit qualifies independently at €320,000 — well above the €250,000 threshold
Commercial-to-residential conversion category — lowest Golden Visa threshold
EU residency permit for investor and family
No minimum stay requirement
Pathway to permanent residency and citizenship
Access to EU Schengen zone travel
Long-term rental income permitted
Property management available
⚠️ Important: Under Law 5100/2024 (effective September 2024), properties held under Golden Visa permits are prohibited from short-term rental. Violation may result in fines up to €50,000 and revocation of residence permit.
Gallery
Mela Athens Residences
The Neighbourhood
Life in Agios Ioannis Rentis
Daily life in Agios Ioannis Rentis centres on a growing network of local amenities — independent cafés, neighbourhood tavernas, and fresh produce markets that reflect the area's authentic character. The Athens School of Fine Arts campus nearby brings a creative energy, while Karaiskakis Stadium adds a lively weekend atmosphere. For families, several well-regarded schools and Piraeus Municipal Hospital are within a short drive. The neighbourhood's trajectory is clear: rising property values, improving infrastructure, and a new generation of residents choosing substance over spectacle.
Premium kitchen with wood veneer island — designed for daily living and entertainingLight-filled living area with direct balcony access and city outlook
5 Units Available · From €320,000
Secure Your Golden Visa Residence
Schedule a private consultation to explore floor plans, finishes, and investment potential with our Aurea advisors. Golden Visa eligible from €250,000.
Twelve developments across the Athens metropolitan area — from the vibrant city centre to the southern Riviera coastline.
Investment Disclaimer: The information presented on this page is for informational purposes only and does not constitute investment, legal, or tax advice. Property values, rental yields, and Golden Visa eligibility are subject to market conditions, regulatory changes, and individual circumstances. Past performance and projected returns are illustrative estimates and not guarantees of future results. Prospective investors should seek independent professional advice before making any investment decisions. Aurea Design & Estate is not a licensed investment advisor or financial institution.
Rental Information: Golden Visa properties may be rented on the long-term market. Law 5100/2024 introduced restrictions on short-term rentals for Golden Visa properties. Consult a legal professional for current regulations.
Short-Term Rental Restriction: Under Greek Law 5100/2024 (effective 1 September 2024), properties acquired under the Golden Visa programme are prohibited from being used for short-term rental (e.g., Airbnb). Violation may result in administrative fines of up to €50,000 and revocation of the residence permit. All rental projections on this page reflect long-term lease scenarios only.
Specifications & Delivery: Final construction, pricing, and specifications are subject to change without notice. Golden Visa eligibility is based on current Greek legislation (Law 4251/2014 as amended) and requires acquisition of qualifying real estate; applicants should seek independent legal advice. Interior layouts show a representative unit design applied across all residences; individual units may vary in orientation and outlook.
