Retail, 226 sqm, Chalandri

Chalandri, Athens Fully Renovated Commercial Property 7.46% Gross Initial Yield

A fully renovated commercial property of 226 sq.m. is offered for sale in a prime commercial location on Vasileos Georgiou II Street, Chalandri, Athens.

The property comprises:

* Ground Floor: 136 sq.m.
* Main-Use Mezzanine: 90 sq.m.

The property benefits from exclusive use of the forecourt, including 3 private parking spaces, providing a significant advantage in terms of accessibility and commercial functionality.

Strong Existing Tenancy

The property is fully renovated and currently leased, providing the buyer with an immediate and stable rental income stream.

* Remaining lease term: 4 years
* Extension option: Additional 5 years
* Current annual rent: €59,300
* Annual rent escalation: 3%
* Asking price: €795,000
* Gross Initial Yield: approximately 7.46%

Enhanced Commercial Environment

The neighbouring commercial unit has also been fully renovated and is currently occupied by a company specialising in architectural lighting, further enhancing the quality and commercial profile of the immediate surroundings.

Investment Highlights

* 226 sq.m. total area
* Fully renovated
* Established corporate tenant
* 4 years remaining on the current lease
* 5-year extension option
* €59,300 current annual rental income
* 3% annual rent escalation
* 7.46% Gross Initial Yield
* Exclusive use of forecourt
* 3 private parking spaces
* Upgraded neighbouring commercial premises
* Prime commercial location in Chalandri, Athens

An attractive income-producing investment opportunity in Chalandri, combining a strong initial yield, long-term rental visibility, annual rental growth, a fully renovated asset and valuable ancillary benefits including exclusive forecourt use and three private parking spaces.