In 1984 the Navy decided to restore her as a museum ship, and in the same year she was towed to Palaio Faliro, where she is anchored as a functioning floating museum, seeking to promote the historical consolidation and upkeep of the Greek naval tradition. Free guided tours are provided to visiting schools and on holidays. She is berthed at Trocadero quay, next to Faliro Marina and the Resteion swimming pool and park.
The ship is regarded as in active service, carrying the Rear Admiral's Rank Flag a square blue flag with white cross, like the Greek jack, with two white stars in each of the two squares on the flagstaff side atop the mainmast with the Masthead Pennant (a long triangular blue flag with a white orthogonal Greek cross) displaced downward. Every Hellenic Navy ship entering or sailing in Faliro Bay honours Averof while passing. The crew are ordered to attention (with the "Still to" order) and from the relevant Boatswain's pipe (or bugle call) every man on decks stands to attention, officers saluting, looking to the side where Averof is in sight until "Continue" is ordered.
Source: wikipedia.org