Apartment Εγνατία, 56, Historic Center, Thessaloniki - Center

Dear private individual, investor, developer, broker, good day to you. Property Description Urgently for sale, part or whole apartment/office on the 6th floor of Venizelou Street 43, corner of Egnatia. Property Information I am one of three co-owners currently discussing sale scenarios for a share (25% or 75%) or the entire 105 sqm apartment. I own 25%, the other two own 25% and 50% respectively. Collaboration Proposal Personally, I believe a collaboration with a developer would be very interesting, where renovation would be done at their expense to increase the property's value, followed by sale and distribution between the developer and the owners. This is my personal opinion, which the other two co-owners do not understand. An attractive proposal might change their minds. Existing Offer and Market Valuation Μarket research I conducted suggests a sales value of approximately €260,000 without renovation and €350,000 - €450,000 after renovation. Property History and Condition The property is family-owned, inherited, remained unused for many years, and now requires extensive renovation. Positive Features 1. Central location in the historic center of Thessaloniki. 2. Positioned at the entrance/exit of the Metro, which is set to open in November. 3. The Metro station is historically significant for Thessaloniki and internationally. 4. The building's architecture is of historical significance, listed as "preserved". 5. Views from the balcony overlook Egnatia and the old town. Negative Features 1. Moisture problems from the ceiling, walls, and balcony due to age. 2. Need for balcony, facade, and overall building renovation. 3. Building's preservation status requires compliance with specific regulations for any renovation. Immediate Decision Needed The co-owners must decide urgently, for personal financial reasons shared by all three. Any proposed scenario must include advance payments to all of at least 50% of the property or shares' value. Additionally, there is a common, reasonable desire to "not lose a single euro from the property's real value" in any proposed scenario. Agreement Terms Any accepted solution must be carried out with completely transparent terms for the benefit of all co-owners, following current legislation. Invitation for Proposals Please, if interested, contact me in writing today, providing an accurate description of your company or professional activities if you are a freelancer, detailing your proposal. Seriousness of the proposal, correct financial arguments, experience, and professionalism of potential partners/buyers will be taken into account. Priority to Immediate Proposals Given the minimal time available to evaluate proposals and make correct decisions, scenarios with an already identified buyer or investor with whom we can directly communicate, possibly with the involvement of a broker, to verify the accuracy of their proposal and discuss its details before final decisions are made, will be preferred. Contribution to Art and Design Matters It's worth noting that in any scenario involving renovation, I can personally contribute to art and design matters. Personal Property Presentation Please make your preliminary offer based on the information provided in this ad if possible before entering the apartment itself. I believe that the photos I have listed give a correct first impression of the property. Your visit will be arranged after I receive your initial proposal. You can of course visit the building whenever you want. Final Encouragement I believe my proposal is particularly interesting. Please, if you agree with option A or B, contact me in writing today, not tomorrow! It's important for me to have a possible exchange of opinions via email, so I can forward it to my co-owners. Thank you for your time and interest. Regards, Alexandros M. Architect, Town Planner. Phone numbers (I prefer written communication): 00306973181517, 0035799727017 Website: http://****.**-fre/el/thessaloniki-venizelou Update 27/8/2024: it was announced today that the metro will be operational on 30/11/2024. Update 15/***/*******:Prime Investment Opportunity: This apartment is located in a registered "preserved" building, potentially making it eligible for Greece's Golden Visa program under the updated criteria (effective from September 1st, 2024) as outlined in Law 5100/2024 (Official Gazette A 49/5.4.2024, Article 64). Prospective buyers are encouraged to verify current eligibility requirements under the updated law.