FOR SALE
Mixed Use, 4827 sqm, Kalithea
#50204Athens-South, Athens-South-Kalithea-Tzitzifies
4.827 sqm
2023
Property
Description of the property
This is a commercial development investment in Athens, featuring three strategic locations with strong commercial activity and modern architectural design. The project consists of a multi-level commercial complex with ground floor retail spaces, office units, and rooftop amenities, offering flexible usage and high commercial value.
The plot has a total area of 6,612 sq.m., with a total built area of 4,827.50 sq.m. across two levels, including 2,413.75 sq.m. on the ground floor. The development is fully permitted and ready for implementation, designed to accommodate retail, dining, and professional services.
The investment profile is strengthened by a long-term lease with a reliable tenant, generating a monthly rent of €52,000 and annual income of €624,000, with a 25-year lease term, 15-year guaranteed period, and annual CPI+1% adjustment. The project is located in a high-traffic area with strong growth potential, offering an estimated annual return of 15% and representing a highly attractive opportunity for commercial property investors.
The plot has a total area of 6,612 sq.m., with a total built area of 4,827.50 sq.m. across two levels, including 2,413.75 sq.m. on the ground floor. The development is fully permitted and ready for implementation, designed to accommodate retail, dining, and professional services.
The investment profile is strengthened by a long-term lease with a reliable tenant, generating a monthly rent of €52,000 and annual income of €624,000, with a 25-year lease term, 15-year guaranteed period, and annual CPI+1% adjustment. The project is located in a high-traffic area with strong growth potential, offering an estimated annual return of 15% and representing a highly attractive opportunity for commercial property investors.
Extra information
PLOT
Landlot area
6612 sqm
View
City
BUILDING
Build year
2023
Total floors
2
UNIT
Main area size
4827 sqm
Levels
1
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