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Attic Conversion Opportunity – Prime Location in Vilnius Old Town, Pamenkalnio St.
- Investment Opportunity: €160,000
- Size: 170.67 sqm (130 sqm usable space)
- Price per Square Meter: €937/sqm
- Projected Return on Investment: Property value expected to rise to €3,500-4,000/sqm after renovation
Listing Information: This unrenovated 170.67 sqm attic in Vilnius Old Town offers immense potential for a luxurious conversion into 2-3 high-end apartments or a spacious penthouse. Located in one of Vilnius’s most prestigious neighborhoods, this space is perfect for investors seeking to develop luxury residential units with panoramic views. The original masonry and high ceilings from the 1940 construction provide a unique architectural canvas for creative design.
Return Potential: After renovation, the property’s value could reach €450,000-520,000. With Vilnius’s growing demand for premium rentals, this attic is ideal for both short-term rentals or long-term leases, offering strong rental income potential. Property value appreciation is projected at 5-7% annually.
- Unique Selling Points: Prime location in Vilnius Old Town, proximity to cultural landmarks, high ceilings, and historical architecture.
Price:
160,000.00 EUR
Progress:
0.00 EUR
