Hotel for Sale

FOR SALE in the "heart" of THESSALONIKI CENTER in LADADIKA, 14% of a 7-storey post-earthquake building with a total area of 1400 sq.m., built in 1985 The building is in excellent condition with continuous annual interventions - improvements - renovations and has been rented as a 4-star hotel to the same reliable tenant (a member of an international hotel and conference management chain) since 1995 without the slightest delay or problem. The existing lease runs for another 15 years. The percentage of 14% corresponds undividedly to approximately 195 sq.m. of the total building of 1,400 sq.m. and is leased at a monthly rent of €1,220 and a 5% increase every 2 years, which corresponds to an investment return of more than 5.3%. It is a long-term investment with guaranteed income, and a sale price at particularly attractive levels for the city center and especially the interest and popularity of LADADIKA. It should be noted that the building is free of financial encumbrances, notes, loans, and debts in general, An excellent investment proposal guaranteed high yield and without any risk, in the "heart" of the Center, in the unique and timeless LADADIKA.