Large commercial space in the center of Athens, Greece

Additional information is provided after the signing of an NDA

Large commercial space in the center of Athens, Greece

950,000 €
1,762 € /m²
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  • Total area
    539 m²
  • Yield
    4.4 %
Details
Financial performance
  • Annual income: 42,000 €
Tenants
  • Fully let
Features
  • Street retail

Three-story commercial space in the Metaxourgio.

Description

The property with a total area of 539 m² is situated in a residential building in the center of Athens and occupies two underground floors with spa-center and a ground floor with a cafe-bar.

Extra opportunities

We can help you get a Golden Visa (permit without tax residence) when buying a property worth €250,000 or more.

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Financial performance

The annual income is 42,000 €.

The yield is 4.4%.

Tenants

The property is fully let.

Location

This building is located in the central part of the city of Athens, in Metaxourgio neighborhood, only 350 meters away from the metro station.

Metaxourgio is a neighborhood of Athens located northwest of the historical city center. The neighborhood is situated between Kolonos to the east and Kerameikos to the west, and north of Gazi. In the same breath, Metaxourgio borders with Plato’s Academy, Omonia, and Eleonas districts. It is frequently described as a transition neighborhood. The area extends north from Karaiskakis Square to St. Constantine Street.

It gained a reputation as one of the cultural centers of the Greek capital, thanks to the opening of several art galleries, theaters, modern fashionable hotels, restaurants, etc. In addition, the municipal authorities have launched the “Metaxourgio Square Reconstruction Program” so as to beautify and invigorate the neighborhood. The galleries, small theatres, and restaurants have helped create the atmosphere of artistic resurgence that now characterizes this neighborhood.

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