Building for Sale

CODE: 1317762 - Leased Investment Building consisting of shops, offices and residences. Useful Information: - It is a Building without encumbrances. - It is the 1st owner of the entire building. - Fully leased with good contracts and trusted tenants. Contracts with terms of annual rent increase. - High yield compared to its price (8% +). - In good condition, well maintained, with ready electronic identity, suitable for energy upgrading. This is a modern, four-story investment property, which consists of six apartments and three shops, ensuring stable and long-term returns. The building is immediately usable and ready for energy upgrading, which can significantly increase its investment value. General Description Apartments: The six apartments are spacious, bright and well-designed, with modern plumbing and electrical installations. They include planned areas for a kitchen, living room, bedrooms, as well as comfortable balconies overlooking the sea on one side and Hymettus on the other. The apartments are ideal for both residential and commercial use, such as offices. Stores: The three stores on the ground floor are in an excellent commercial location, ideal for businesses seeking exposure and access to high-quality clientele. These spaces already have long-term lease contracts with stable income of 1,500-2,000 euros per store, with an annual increase of 5%. Investment Return Current return: The building generates a total income of 130,000 euros per year, with an estimated return of 5.5%-6% on rents. Future performance: With the planned energy upgrade, revenues can reach €150,000 per year, raising the performance to the level of 8%-10% conservatively, if the increasing value of real estate in Attica and especially in the Southern Suburbs is added. Rent stability: Long-term tenants (accounting firms, notaries, etc.) and historical consistency in payments are a significant advantage. Technical characteristics Condition: The property is in excellent condition, both externally and in the common areas, without requiring direct maintenance costs. Electronic identity: There is a complete electronic building identity, as well as separate identities for each apartment and store. Energy upgrade: The building is ready for inclusion in subsidized energy upgrade programs, which reduces operating costs and increases its future value. Location The location of the building is extremely privileged, combining commercial visibility with the possibility of comfortable living. It is located close to major arteries and means of transportation, while the proximity to shops, services and stunning views enhance the demand for apartments and shops. This property offers a strong combination of stability and growth prospects, ideal for serious investors looking for long-term profits. Detailed Description of Spaces: BASEMENT: (WORKSHOP) = 220.20 SQM COMMON AREAS (STAIRWAY-BOILER ROOM) = 26.36 SQM • GROUND FLOOR: SHOP I1 = 83.28 SQM SHOP I2 = 59.62 SQM COMMON AREAS = 16.43 SQM • LOFT : SHOP LOFT I1 = 24.30 SQM OFFICE WITH INDEPENDENT EXTERNAL ENTRANCE = 49.13 SQM • 1ST FLOOR: APARTMENT A1 = 71.25 SQM APARTMENT A2 = 70.65 SQM COMMON AREAS = 15.73 SQM • 2ND FLOOR: APARTMENT B1 = 93.23 SQM APARTMENT B2 = 58.84 SQM COMMON AREAS = 15.73 SQM • 3RD FLOOR: APARTMENT C1 = 71.25 SQM APARTMENT C2 = 70.65 SQM COMMON AREAS = 15.73 SQM • APARTMENT: APARTMENT OWNERSHIP = 17.65 SQM COMMON AREAS = 8.67 SQM Leased. Price: €2,350,000.Terra Greca Real Estate, Contact Phone: 2117503300 & 6982148820 email: infoterragreca@gmail.com, website: www.terra-greca.gr