Building for Sale

Property Code: 1-129 - Building FOR SALE in Kipseli Fokionos Negri for €1.800.000 . This 525 sq. m. furnished Building consists of 5 levels and features . The property also boasts laminate floor, view of the Open horizon, Window frames: Aluminium, Security door, elevator, accessible to people with disabilities, a storage unit , air condition, alarm system, appliances, insect screen, double glazed windows, satellite antenna, balcony: 40 sq.m.. The building was constructed in 1955 and renovated in 2021 Plot area: 186 s.q. Excellent five-level investment building, of a total of five hundred and twenty-five square meters, completely reconstructed. It is located in one of the most upcoming areas of Athens and is already operating successfully for short-term rentals. The basement has a total area of 41 sqm and consists of 3 warehouses. Warehouse 1 has area 13 sqm. and has unique access from one of the shops on the ground floor. Warehouses 2 & 3 have an area of 13 sqm. & 15 sqm. respectively and have access to the uncovered area of the plot. The ground floor includes four shops of 21, 32, 18 and 29 square meters, which all have façade on commercial streets. For the 32 square meter store, there is a permit available for a change of use for health purposes, while the 29 square meter store is already being reconstructed for short-term leases. The first floor includes five fully furnished and equipped apartments of 31, 17, 21, 28 and 53 square meters. The second floor also includes five fully furnished and equipped apartments of 31, 17, 24, 35 and 55 square meters. On the rooftop there is another apartment also fully furnished and equipped to serve short term rentals and has a total area of 62 square meters. The outside area of the apartment is designed according to the standards of a hotel unit, with a large pergola, deck wood floor, outdoor furniture and a bar. The elevator moves all the way up to the inside of the apartment, with the use of a special code. The yield of the property is already placed at more than 8%, without the shops on the ground floor being leased. Given that the tourist traffic of the 2022-2023 winter season for the center of Athens has been unprecedentedly strong, the performance of the property is expected to increase further.