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Mixed-use opportunity in Ermou City Center, Athens

Ermou, Athina, Greece

69%

€9.500.000

Mixed use

#10314

Core+, Value-Add

6 Nov 2024

Property Details

Owner

For sale

2,275 m²

Gross area

4,175 €/m²

Freehold

X

Fees

No Buyer Fees

Investment Overview

The building is located in the heart of Greece's capital, Athens, near Syntagma Square, on Ermou Street, known as the oldest and most popular commercial street in the city. The deal includes the 2nd to 6th floors of a 6-story building. The property has an exclusive right to use the roof of the building. The building has a full view of Acropolis & Lycabettus Hill, which are the two most important centers of Greek tourism. Ermou Street is a lively and vibrant shopping district located in the heart of Athens. With its prime location and bustling atmosphere, it has become one of the city's most popular and busy streets. Stretching for approximately one kilometer, Ermou Street is a pedestrianized area, making it a perfect place for shoppers to explore without the interference of vehicle traffic. The street is lined with a variety of shops, from international brands and high-end boutiques to local stores and small vendors. It offers a wide range of products, including clothing, jewelry, accessories, electronics, and much more, ensuring that there is something for everyone's taste and budget. Aside from the extensive shopping options, Ermou Street also boasts a vibrant ambiance with numerous cafes, restaurants, and street food vendors offering a great selection of Greek and international cuisine. Shoppers can take a break from their shopping sprees, relax and enjoy a cup of coffee or indulge in delicious local delicacies. In addition to its retail and dining offerings, Ermou Street is also steeped in history and culture. It is home to several notable landmarks and historic buildings, such as the ancient Agora of Athens and the Church of Panaghia Kapnikarea. These architectural wonders add a touch of character to the street and serve as a reminder of the rich heritage of Athens. Overall, Ermou Street is a vibrant and bustling shopping district that offers a unique blend of modernity and tradition. Whether it's shopping, dining, or simply exploring the rich h