Building for Sale

This is a modern, investment-grade building comprising four floors with six apartments and three commercial spaces, offering stable and long-term returns. The property is move-in ready and prepared for energy efficiency upgrades, which can significantly boost its investment potential. General Description Apartments: The six apartments are spacious, bright, and well-designed, featuring modern plumbing and electrical systems. They include designated areas for kitchens, living rooms, bedrooms, and large balconies with stunning views of the sea on one side and Mount Hymettus on the other. These units are ideal for both residential and professional use, such as offices. Commercial Spaces: The three ground-floor retail spaces are located in a prime commercial area, perfect for businesses seeking high visibility and access to quality clientele. These spaces are secured by long-term lease agreements, generating stable rental income of €1,500–2,000 per unit, with a 5% annual increase. Investment Performance Current Returns: The property currently generates €130,000 annually, with an estimated yield of 5.5%-6% based on rental income alone. Future Returns: After planned energy efficiency upgrades, the annual income is projected to increase to €150,000, raising the yield to 8%-10%. This is a very conservative estimation, to be backed by our financials of the past few months. This is also not accounting the rising value of buildings in Athens, and more particulary the southern area of Athens. Rental Stability: Long-term tenants, including accounting firms, notary offices, and other businesses, provide a strong track record of consistent payments. Technical Features Condition: The property is in excellent condition both externally and internally, requiring no immediate maintenance expenses. Electronic Building Identity: The building has a complete electronic identity, with separate records for each apartment and commercial unit. Energy Upgrades: The property is eligible for subsidized energy efficiency programs, which will reduce operational costs and enhance its future value. Location The property enjoys a prime location, combining commercial exposure with residential comfort. It is close to major transport routes and public transit, while proximity to local shops and services, coupled with exceptional views, ensures high demand for both the apartments and retail spaces. This asset offers a powerful combination of stability and growth potential, making it an excellent opportunity for serious investors seeking long-term returns.