Office with long term lease in Piraeus, Greece

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Office with long term lease in Piraeus, Greece

280,000 €
1,739 € /m²
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  • Total area
    161 m²
  • Yield
    6.0%
Details
Financial performance
  • Annual income: 16,800 €
Tenants
  • Fully let
  • End of lease: 2027

Office in Piraeus.

Description

The office space with a total area of 161 m² is located on the 3rd floor of an office building. The space consists of 3 rooms for managers and 13 rooms for employees, a spacious room for guests, a meeting room, dressing room, a room for It-equipment, a storage room, 4 wc and a kitchen.

Equipment

  • office furniture
  • book shelving
  • signaling
  • air conditioning system
  • heating system
  • security door
  • elevators

Financial performance

The annual income is 16,800 €.

The yield is 6%.

Tenants

The property is fully let.

The lease was concluded until 2027 with the option of extending for 4 years.

Location

The property is located in Terpsithea area of Piraeus.

Nowadays, the port of Piraeus is the main industrial and commercial center of the country. It constitutes Greece’s chief seaport and is also the largest passenger port in Europe and the second largest in the world, servicing about 20 million passengers annually. The Port of Piraeus is a hub that connects mainland Greece with the Aegean islands, and in the same breath is one of the most famous cruise destinations in the Mediterranean Sea. The center of Piraeus lies about 10 kilometers from the center of Athens and has been its historical seaport for ages. According to international and domestic experts, in recent years Piraeus has changed its image and has become a lucrative real estate investment destination, both for foreign and Greek real estate investors

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