An attractive mixed-use building in the heart of Athens, offering approximately 420 sq.m. of versatile space across three levels. Combining commercial and residential potential, the property presents a compelling opportunity for a range of investment concepts, including hospitality and retail projects.
Besides buying, the property offers multiple leasing structures, allowing the owner to choose between partial leasing by level or a single lease for the entire building. Architectural plans are available illustrating potential layouts for the floor apartments and ground-floor retail units, including possible café or restaurant concepts. The ground-floor retail units could also be converted into apartments, bringing the total to 12 apartments across the entire building.
The owner undertakes the renovation of the first floor and rooftop garden, delivering the spaces ready for the tenant's intended operation.
Asking Rent: €7,000 / month + applicable stamp duty
The rent includes the renovation of the premises, but does not include operational assets and equipment such as beds, refrigerators, furniture, appliances, etc. These will be supplied and funded by the tenant.
The ground floor comprises two retail units, with the tenants responsible for carrying out their own renovation and fit-out works, with no rent payable during the agreed renovation period.
An alternative strategy is to lease the entire building to an individual or a company, allowing the tenant to operate and utilise the property as one integrated project. The tenant will undertake the required renovation and fit-out of the building. The estimated renovation period is approximately 6 months, during which no rent will be payable.
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