Six-story office building with a long-term lease agreement.
Description
The building includes:
- 4 underground floors with a total area of 1320 m²
- 6 floors with office spaces with a total area of 2,200 m²
- attic of 170 m²
The absolute annual income is 240,000 €.
The current yield is 7,3%.
Tenant is a state agency.
The lease agreement is valid for 12 years with extension options.
The property is located in the Omonia district, the historical center of the city and the center of commercial and social life in Athens. This is a central area with developed infrastructure and transport network.
Athens is the capital of Greece, located in the historical region of Attica and is the economic, cultural and administrative center of the country. The population of the city is more than 3.5 million people.
Athens is the largest trade and distribution center and financial center of the country, in particular, more than 2.5 million tons of oil are processed annually there. Up to 70% of import and 40% of Greece’s export go through Greater Athens.
