Building for Sale

Investment Commercial Property 600 sq.m. on Piraeus Avenue – Leased, With Parking | Price: €1,450,000 A corner, ground-floor commercial property of high visibility is offered for sale on Piraeus Avenue, in one of the most dynamic and rapidly developing areas of Athens. The property forms part of a modern landmark building comprising a ground floor and four (4) additional upper floors, a feature that enhances its corporate profile and overall value. The property has a total existing surface area of 600 sq.m., consisting of 400 sq.m. ground floor and 200 sq.m. mezzanine office space. The ground floor benefits from an impressive double-height ceiling of approximately 8.5 meters, offering the potential for additional internal development of up to +200 sq.m., increasing the total exploitable area to approximately 800 sq.m. The 12-meter frontage, corner position, through layout and abundant natural light make the space ideal for corporate use, showroom or high-specification professional premises. The property features two independent entrances. Condition – Technical Specifications The building was constructed in 2000 and fully renovated in 2021, with emphasis on modern aesthetics, functionality and energy efficiency. It features autonomous heating via fan coil units, A+++ air conditioning, fiber-optic infrastructure with new structured cabling, next-generation LED lighting, three-phase power supply, aluminum window frames, suspended ceilings and tiled flooring throughout. Additional features include an alarm system, security door, loading/unloading ramp, storage areas, internal staircase and three (3) WC. A key advantage is the availability of ten (10) private parking spaces, as well as no common charges. Energy Performance Certificate: Class C. The property is of robust construction with high load-bearing capacity, suitable for demanding professional uses. It enjoys a prime, highly visible location with direct access to Kerameikos Metro Station (approx. 650 m) and Rouf Suburban Railway Station (approx. 750 m), as well as major road arteries. Investment Profile The property is sold leased, with an active contract from 2022 to 2029, offering a stable net yield of approximately 5.5% and a long-term lease in place with a high-technology company. The asset is held through a Special Purpose Vehicle (S.A.), providing flexibility in transaction structuring and enhanced investment security. Future Capital Appreciation Piraeus Avenue is one of Athens’ most prominent axes of urban regeneration, with redevelopment projects, cultural infrastructure and adaptive reuse investments of former industrial buildings underway in the wider area. The combination of strategic location, high visibility, size, parking availability, expansion potential and secured income positions the property as a high-value investment with strong long-term capital appreciation, along one of the city’s most important business corridors. Price: 1.450.000€. Blueberry Realty, Tel: +30 210 7253300, email: info@blueberry-realty.com