A Heritage Villa. A Rare Investment.
Str. Olimpului 3, Bucharest — Built before 1930 — 514 sqm — Available for acquisition
Discover the Opportunity
Str. Olimpului 3, Bucharest — Built before 1930 — 514 sqm — Available for acquisition
Discover the Opportunity514 sqm of authentic interwar architecture in the heart of Bucharest
Vila Olimpului stands at Str. Olimpului 3, Sector 4, Bucharest — a corner plot of 354 sqm just minutes from Piața Unirii. Built before 1930 as a single-family bourgeois residence, the villa comprises basement, ground floor, first floor, mansard, and a separate annex.
The load-bearing structure is solid-brick masonry with 40cm external walls — exceptional thermal and acoustic insulation. Foundation consolidation works were completed in 2001. The building is structurally sound, with no issues to the load-bearing walls.
The exterior is complete. The interior is stripped to shell — a blank canvas ready for a complete contemporary fit-out.
Original 1930s wrought iron staircase — intact
Central stairwell — natural zenithal light
Main entrance — original wrought iron gate
Restored staircase with oak handrail
Tracing the journey of a heritage property through Romania's turbulent 20th century
Designed and built as a single-family residence for the Lischetti family — an Italian family settled in Bucharest. The villa reflects the elegant eclectic architecture of interwar Romania.
On 4 October 1941, the property was sold by Teresina Giovanni Lischetti to Elena Smigelschi. The transaction was notarized before the Ilfov Tribunal and is preserved in the Romanian State Archives.
Under Decree nr. 92/1950, the villa was confiscated by the communist state — one of thousands of properties nationalized abusively during the regime. The family fought for decades for its return.
By order of the Bucharest Tribunal, the property was restored to its rightful heirs in 1997. The court ruling — preserved in full — confirms clean, uncontested title. In 2000, the villa was acquired by its current owner and consolidation works began.
Full legal documentation available upon request, including the 1941 notarial deed and the 1995 restitution ruling.
A rare chance to acquire and transform a heritage asset in one of Eastern Europe's most dynamic capitals.
Acquisition price: available on request. Total investment (acquisition + full renovation): €1.2M – €1.4M. Estimated finished asset value: €2.2M – €2.5M.
9 to 10 serviced apartments or boutique hospitality units. Average unit: 50–58 sqm. Centrally located — walking distance from Piața Unirii, 500m from metro. Zone permits hospitality use (subject to standard permitting process).
Conservative annual net yield: 4.5–5.5%. Estimated capital gain on exit (7–10 year horizon): €800K – €1.1M. Ideal profile: long-term holder with own liquidity, no excessive leverage.
All figures are indicative estimates based on current market data. Independent due diligence recommended.
A glimpse of what Vila Olimpului could become — preserving the soul, transforming the space.
Living space — exposed brick, herringbone parquet, natural linen. Concept rendering.
Restored staircase — original wrought iron, oak treads. Concept rendering.
Entrance corridor — iron gates, herringbone parquet. Concept rendering.
Restored facade — original proportions and details preserved. Concept rendering.
Renderings are indicative concepts only. Final design to be determined by the acquiring investor.
This opportunity is presented on a confidential basis. Price and full documentation available upon request to qualified investors.
info@vila-olimpului.com · vila-olimpului.com
All enquiries treated with strict confidentiality.