Building for Sale

Independent commercial income property for sale (5 Floors + Roof + 2 Basements) in the Center of Athens (in Exarchia – Neapoli). The property can house any special use, such as hotel, hostels, school, clinic, etc. The property was leased for ten years to a large Organization with a monthly rent of 12,000 euros and an annual readjustment of 3%.The pre-tax yield is 6,3% for the first year. In the fifth year the monthly rent will be adjusted to 15,000 euros and an annual adjustment of 3%. The lease started on 11/2023. It is licensed for a car lift, which has access to the two Basements. It has 10 Parking spaces and 10 WC. It has two large air conditioning units, a large elevator for the disabled, a special fire safety system and an emergency staircase. In more detail : The five-storey building was built in 2001 with a pilot and two basements on a plot of 290,96 sq.m. -First Basement 292,68 sq.m. -Second Basement 194,92 sq.m. -Covered Ground Floor 71,45 sq.m. -Ground Floor free space 123,46 sq.m. - Ground Floor uncovered areas 97,76 sq.m. -4 Floors (A, B, C, D) identical each with an area of 194,92 sq.m. -5th Floor with an area of closed spaces of 134,98 sq.m. and an area of open spaces of 57,93 sq.m. -Roof with an area of closed auxiliary spaces of 50,75 sq.m. and an area of open spaces of 86,05 sq.m. The final selling price is 2,600,000 euros.