Target Property: Investment Commercial Building in the heart of Athens
This top investment 5-storey commercial building of 1138sqm is located in the heart of vivacious Athens, enjoying the unique privileges of the city center.
Investing in the capital of Greece is an ideal opportunity, as this building is in excellent condition and soon will be converted into 28-unit student accommodation – both studios and one-bedroom apartments.
Its current price is €1.060/sqm and by the time the renovation is over, its price would be €2.500/sqm.
.jpg)
However, real estate values in the area are expected to leap considering vast infrastructure projects that are taking place these days, as well as because of the increasing demand from international investors all over the world.
The Brown Hotels chain is constantly investing in the area, changing the whole real estate map.
Accordingly, in 3 years’ time the building on Kritis 5 street would be priced not less than €3.000/sqm, and in 5 years its value is expected to be €5.000/sqm.
.jpg)
Description of the building:
-
Basement of 241sqm
-
Ground floor of 241sqm, the space has 2 entrances and a shop
-
Mezzanine floor of 86sqm
-
1st & 2nd floors of 389sqm total, the space is divided in classrooms, office spaces and 2 WC on each floor
-
3rd floor of 169sqm, the space is divided in classrooms, office spaces and 2 WC
-
Roof level of 12sqm, in this level there is the lift engine room
-
An operating elevator
Note: this property has yet to exploit its remaining construction rights by expanding to an additional 150 sqm!
Any deal regarding this property could be reached within just 2 weeks!
This is due to the fact that legalization issues were already taken care of, and all project plans have been examined and approved by the relevant municipal authorities.
.png) |
All properties of this company on Domaza Finders Tailor Made Investments Contact information: Israel: +972-3-9565657 |
