Bureau - Cabinet en Vente

Location
The property is located in the city of Agrinio and has been developed on a landplot with two frontages, facing Andrea Panagopoulou and Nikiforou Mandilara streets respectively. Agrinio is the largest city of Etoloakarnania with population of c. 100,000. The property is centrally located, since it has a distance of only 50 m. from Dimokratias Square which is “the heart” of the city.
Prevailing uses in the area are mixed use with retail outlets on ground floor level coupled with residential and offices on the upper floors.
The subject address is close to Mpaimpa Str., which runs perpendicular to Mandilara Str. and is one of the main retail streets of Agrinio, after Papastratou Str., which is the prime high-street of the town attracting local and national brands.
A number of hotel units are also found in the city center of Agrinio, namely Leto Boutique Hotel, Galaxias Hotel, Esperia Boutique Hotel and Marpessa Boutique Hotel.
Description
The subject property comprises a self-contained, 6-storey office building which stands on a site of 2,088.64 sq.m. The object of sale are a number of horizontal ownerships which are occupied by an F&B retail store on the ground floor level and the Hellenic Republic Inland Revenue occupying floors 1-3, while the horizontal ownership on the 4th floor remains unfinished. There are also construction rights for sale for another five (5) horizontal ownerships which will be developed on floors 1-5, occupying a different wing of the building.

Excellent location in the heart of the city
Easy access
Close to the retail zone and the prime high streets
Market with limited supply of large commercial buildings
Yield compression
Good size building
Potential for further development
Stable income from the Hellenic Republic
Low maintenance costs
Excellent opportunity for value-add strategies