Portside Residences — Golden Visa

Project Overview

Leocharous 3, Central Piraeus — The 70-Metre Dividend

Portside Residences occupies Leocharous 3 in the 2nd District of Piraeus, 70 metres from the Metro terminus on a single straight street — a walk measurable in one minute rather than blocks. The Aegean promenade begins 150 metres from the door; Port Gate E7 is three minutes on foot. Inside an 11-minute walking radius sit the Central Market, four banks, the Municipal Theatre and the Town Hall, compressing daily errands and residency paperwork into a single envelope. Syntagma Square is reached in twenty minutes by direct Metro — a 20:1 ratio against the walk from door to turnstile. Seventy metres places the address within the top 1–2% of Athens metro-area stock by transit proximity. This is the first face of the 70-Metre Dividend.

The building is a former commercial structure converted under Greek Law 5100/2024, Article 64 — the pathway that clears the €250,000 Golden Visa threshold on a single transaction. Of eleven apartments, ten are contracted; 91% committed before public listing. Unit P2 is the sole remaining tradable title: 43 sqm, two-bedroom, fourth and top floor, with a sea view toward the coastal line and the port beyond. It is priced at €315,000, or €7,326 per square metre — paired with two conditions the Piraeus new-build band rarely holds at once: a 70-metre metro radius and single-transaction Golden Visa eligibility. Attica values rose 84% between 2019 and 2024, with a further 28% across the first half of 2025.

The economic substrate is not speculative. Piraeus is the fifth-busiest passenger port in Europe and the #1 container hub in the Eastern Mediterranean, underwriting a layered tenant base of port staff, cruise professionals and Athens commuters. Units in the €250,000–400,000 band generate gross rental yields of 4.8–5.5%, tracking central Athens’ average. Portside includes a 2-year guaranteed 4% rental agreement, ensuring €12,600 annual cash flow from delivery — eliminating market timing risk during the critical first years of Golden Visa residency establishment. For a Golden Visa buyer, the return structure is dual: euro-denominated cash flow and residency entitlement in one title. Delivery is turnkey-furnished by LIMAR HOMES, contract to occupancy without construction overhang. The 70-Metre Dividend resolves on three axes — a fixed metro distance, a regulatory window under Article 64, and a final inventory unit. When P2 clears, the next one is not scheduled; it is hypothetical.

Location

Leocharous 3, Piraeus

Golden Visa

Eligible (Selected Units)

Price Range

€315,000 (P2 — final unit)

Unit Sizes

21 - 50 SQM

Price / sqm

Approx. €7,326/sqm

Just Released

1 Unit (P2 — final)

Project Type

Boutique Residential

Completion

Near Completion

Delivery

Fully Furnished

Parking

Street/Nearby

Developer

LIMAR HOMES

After-Sales

Available on Request