€2.550.000
Confirmation
Stand Alone Commercial Building - Athens Historical Center
Athens, Greece
Mixed use
#10374
Value-Add
6 Nov 2024
Property Details
Owner
For sale
946 m²
Gross area
2,695 €/m²
Freehold
Fees
Investment Overview
The building offers a spacious and modern interior, with three floors of usable space and 6 levels. The total area of the building is 946 square meters, and the gross leasable area (GLA) is 814 square meters. The property is situated on a plot of land measuring 237 square meters. The location of the building is highly advantageous, as it is located in the commercial area of the historic triangle in Athens in between the three most vital city's squares, "Syntagma", "Monastiraki" & "Omonia" square, the building represents a highly profitable investment opportunity. At the same time, the planned renovation of "Theatrou" Square, transforming it into a pedestrian area, is surely about to upgrade the whole area, transforming the Athenian Center. This area is known for its vibrancy throughout the day and is within walking distance of all major points of interest in the city. Additionally, the surrounding area is expected to become a pedestrian street, further increasing the appeal and accessibility of the property. The building was constructed in 1992 and previously served as a bank until 2018. This former use indicates that the building has been designed to meet high-quality standards and may have security features in place. Nevertheless, the area's status and economic value will completely shift, when the renovation of Minion is completed by DIMAND S.A. The building will be transformed into a modern, "green" bioclimatic mixed use building, housing commercial stores as well as restaurants, offices and business premises.
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