Restaurant 228 m² in Athens

Cafe on the ground floor of a student residence in Athens.

Description

Commercial space of 228 m² (basement + ground floor).

The building is currently in the process of being renovated.

Expected completion date: IV 2021.

The property is fully let.

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

The annual income is 17,000 €.

The yield is 5.5%.

The building is located in the heart of Piraeus, in the immediate vicinity of the tram and bus stop.

It is situated within walking distance of one of the country’s most important universities, the University of Piraeus, as well as the famous private college, Metropolitan College.

The University of Piraeus is a Greek public university that has been training specialists in the field of economics and technology since 1938. The University of Piraeus is regularly included in the country’s top twenty universities. Every year, about 10.000 students graduate from this educational institution.

In addition, the private Metropolitan College is also located in the area. Since 1982 this educational institution, in collaboration with seven leading international universities, has been offering its students more than 66 state-recognized undergraduate and postgraduate programs.

Piraeus is a port city in the region of Attica, Greece. It is an integral part of the Greek capital, located within the Athens urban area, 12 kilometers southwest from its city centre. For centuries it has served as a chief harbor of Attica, so it’s no surprise that today it is not only Greece’s main port but also the largest passenger port in Europe and the second-largest in the world, serving about 20 million passengers annually.