{"id":26893,"date":"2026-09-21T19:28:56","date_gmt":"2026-09-21T16:28:56","guid":{"rendered":"https:\/\/elysiumrealty.gr\/?post_type=property&#038;p=26893"},"modified":"2026-10-06T17:00:02","modified_gmt":"2026-10-06T14:00:02","slug":"monastiraki-hospitality-retail-project","status":"publish","type":"property","link":"https:\/\/elysiumrealty.gr\/en\/property\/monastiraki-hospitality-retail-project\/","title":{"rendered":"Monastiraki Hospitality &#038; Retail Project"},"content":{"rendered":"\r\n<h3 class=\"wp-block-heading\"><strong>The Ideal Hospitality Project\u00a0<\/strong><\/h3>\r\n\r\n\r\n\r\n<p class=\"isSelectedEnd wp-block-paragraph\">An attractive mixed-use building in the heart of Athens, offering approximately <strong>420 sq.m.<\/strong> of versatile space across three levels. Combining commercial and residential potential, the property presents a compelling opportunity for a range of investment concepts, including <strong>hospitality and retail projects<\/strong>.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 25px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\">Investment Scenarios<\/h3>\r\n\r\n\r\n\r\n<p class=\"isSelectedEnd wp-block-paragraph\">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 <strong>floor<\/strong> <strong>apartments and ground-floor retail units<\/strong>, including possible caf\u00e9 or restaurant concepts. The ground-floor retail units could also be converted into apartments, bringing the total <strong>to 12 apartments across the entire building<\/strong>.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 25px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><strong>First Scenario<\/strong><\/h3>\r\n\r\n\r\n\r\n<p class=\"isSelectedEnd wp-block-paragraph\">The owner undertakes the renovation of the <strong>first floor and rooftop garden<\/strong>, delivering the spaces ready for the tenant&#8217;s intended operation.<\/p>\r\n\r\n\r\n\r\n<p class=\"isSelectedEnd wp-block-paragraph\"><strong>Asking Rent:<\/strong> \u20ac7,000 \/ month + applicable stamp duty<\/p>\r\n\r\n\r\n\r\n<p class=\"isSelectedEnd wp-block-paragraph\">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.<\/p>\r\n\r\n\r\n\r\n<h4 class=\"wp-block-heading\"><strong>Ground Floor &#8211; Retail Units<\/strong><\/h4>\r\n\r\n\r\n\r\n<p class=\"isSelectedEnd wp-block-paragraph\">The ground floor comprises two retail units, with the tenants responsible for carrying out their own renovation and fit-out works, <strong>with no rent<\/strong> payable during the agreed renovation period.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<h4 class=\"wp-block-heading\"><strong>Rental Structure For the Ground Floor<br \/><\/strong><\/h4>\r\n<ul class=\"wp-block-list\">\r\n\r\n\r\n<li><strong>Asking Rent: <\/strong>\u20ac3,000 \/ month + applicable stamp duty<\/li>\r\n<li><strong>First approximately 6 months:<\/strong> Rent-free renovation period<\/li>\r\n<li><strong>Years 1\u20133:<\/strong> Fixed rent<\/li>\r\n\r\n\r\n\r\n<li><strong>From Year 4:<\/strong> 3% annual rent increase<\/li>\r\n<li><strong>Lease term:<\/strong> 12 years<\/li>\r\n<\/ul>\r\n<p>&nbsp;<\/p>\r\n<p><!-- \/wp:post-content --><\/p>\r\n<p><!-- wp:spacer {\"height\":\"25px\"} \/--><\/p>\r\n<p><!-- wp:heading {\"level\":4} --><\/p>\r\n<h3 class=\"wp-block-heading\">Second Scenario<\/h3>\r\n<p><!-- \/wp:heading --><\/p>\r\n<p><!-- wp:paragraph {\"className\":\"isSelectedEnd\"} --><\/p>\r\n<p class=\"isSelectedEnd\">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 <strong>6 months<\/strong>, during which <strong>no rent will be payable<\/strong>.<\/p>\r\n<p><!-- \/wp:paragraph --><\/p>\r\n<p><!-- wp:heading {\"level\":4} \/--><\/p>\r\n<p><!-- wp:paragraph {\"className\":\"isSelectedEnd\"} \/--><\/p>\r\n<p><!-- wp:heading {\"level\":4} --><\/p>\r\n<h4 class=\"wp-block-heading\"><strong>Rental Structure For The Whole Building<\/strong><\/h4>\r\n<p><!-- \/wp:heading --><\/p>\r\n<p><!-- wp:paragraph {\"className\":\"isSelectedEnd\"} \/--><\/p>\r\n<p><!-- wp:list --><\/p>\r\n<ul class=\"wp-block-list\">\r\n<li style=\"list-style-type: none;\">\r\n<ul class=\"wp-block-list\"><!-- wp:list-item -->\r\n<li><strong>Asking Rent:<\/strong> \u20ac6,000 \/ month + applicable stamp duty<\/li>\r\n<li><strong>First approximately 6 months:<\/strong> Rent-free renovation period<\/li>\r\n<li><strong>Years 1\u20133<\/strong> Fixed rent<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<p><!-- \/wp:list-item --><\/p>\r\n<p><!-- wp:list-item --><\/p>\r\n<ul class=\"wp-block-list\">\r\n<li style=\"list-style-type: none;\">\r\n<ul class=\"wp-block-list\">\r\n<li><strong>From Year 4:<\/strong> 3% annual rent increase<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<p><!-- \/wp:list-item --><\/p>\r\n<p><!-- wp:list-item --><\/p>\r\n<ul class=\"wp-block-list\">\r\n<li style=\"list-style-type: none;\">\r\n<ul class=\"wp-block-list\">\r\n<li><strong>Lease term:<\/strong> 12 years<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<p><!-- \/wp:list-item --><\/p>\r\n<p><!-- wp:list-item \/--><\/p>\r\n<p><!-- \/wp:list --><\/p>","protected":false},"excerpt":{"rendered":"<p>The Ideal Hospitality Project\u00a0 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. Investment Scenarios Besides buying, the property offers multiple leasing structures, [&hellip;]<\/p>\n","protected":false},"author":94,"featured_media":26921,"parent":0,"menu_order":0,"template":"","property_type":[527,529,526],"property_status":[434],"property_feature":[428,427,625,430],"property_label":[432],"property_state":[433],"property_city":[545],"property_area":[593],"class_list":["post-26893","property","type-property","status-publish","has-post-thumbnail","hentry","property_type-commercial-building","property_type-hotel","property_type-residential-building","property_status-buy","property_feature-air-conditioning","property_feature-independent-heating","property_feature-penthouse","property_feature-warehouse","property_label-new-listing-en","property_state-attica","property_city-athens-center","property_area-monastiraki"],"property_meta":{"classic-editor-remember":["classic-editor"],"_edit_lock":["1791295260:94"],"_edit_last":["94"],"_wpml_word_count":["393"],"_wp_page_template":["default"],"fave_property_price":["1500000"],"fave_property_price_prefix":["\u20ac"],"fave_property_size":["420"],"fave_property_size_prefix":["Sq.m"],"fave_property_land":["204"],"fave_property_land_postfix":["Sq.m"],"fave_property_bedrooms":["12"],"fave_property_bathrooms":["12"],"fave_property_id":["CENTR-05"],"fave_floor-for-english":["1st"],"fave_property_map":["1"],"fave_property_location":["25.68654,-80.431345,15"],"houzez_geolocation_lat":["25.68654"],"houzez_geolocation_long":["-80.431345"],"fave_property_map_street_view":["hide"],"fave_featured":["0"],"houzez_featured_listing_date":[""],"fave_loggedintoview":["0"],"fave_agent_display_option":["author_info"],"fave_prop_homeslider":["no"],"fave_single_top_area":["global"],"fave_single_content_area":["global"],"houzez_manual_expire":["0"],"_houzez_expiration_date_status":["saved"],"_wpml_media_duplicate":["1"],"_wpml_media_featured":["1"],"_yoast_wpseo_primary_property_type":["527"],"_yoast_wpseo_primary_property_status":["434"],"_yoast_wpseo_primary_property_feature":["428"],"_yoast_wpseo_primary_property_label":["432"],"_yoast_wpseo_primary_property_state":["433"],"_yoast_wpseo_primary_property_city":["545"],"_yoast_wpseo_primary_property_area":["593"],"_yoast_wpseo_content_score":["60"],"_yoast_wpseo_estimated-reading-time-minutes":["3"],"_thumbnail_id":["26921"],"_yoast_wpseo_focuskw":["Hospitality"],"_yoast_wpseo_metadesc":["An attractive hospitality & retail building offering a versatile investment opportunity, combining accommodation and commercial spaces"],"_yoast_wpseo_linkdex":["85"],"fave_private_note":["\u03a4\u03b1\u03ba\u03b7 &amp; 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