Building for Sale

Prime Office Investment Asset | Kallithea, Athens A rare opportunity to acquire a 440 sq.m.(with corridors between the offices which in total make the BUILDING 500 sq m) self-contained office asset, located on the 3rd floor (penthouse) of a well-positioned building on a main avenue in Kallithea, one of Athens’ most established and liquid sub-markets for commercial real estate. The property sits on a 500 sq.m. plot and benefits from high visibility, strong accessibility, and long-term demand fundamentals, making it an ideal core / core+ investment with both immediate income potential and capital appreciation upside. Originally constructed in 1985 and fully renovated in 2025, the asset is delivered in turn-key condition, significantly reducing upfront CAPEX and allowing for immediate exploitation. Key Investment Highlights Total surface: 440 sq.m. Penthouse, through-floor layout Exceptional natural light, cross-ventilation Unobstructed views to square & park Aluminum frames with double glazing Central heating Elevator & suspended ceilings 1 on-site parking space (highly valuable for the area) Energy Class: D The building’s design and orientation support low operating costs, enhanced tenant comfort, and strong long-term occupier appeal. Location – Core Value Driver Kallithea is a proven commercial hub strategically positioned between Athens CBD and the Athenian Riviera, offering: Immediate access to Tram, ISAP (Electric Railway), and bus lines Walking distance to universities and urban amenities 5 minutes to the sea, 10 minutes to Acropolis, 13 minutes walk to university Proximity to retail, dining, entertainment, and commercial centers The area consistently demonstrates high absorption rates and low vacancy, acting as a natural risk hedge across market cycles. Investment & Utilization Scenarios Long-term leasing to corporate tenants Coworking or serviced office concept Medical or educational center Asset repositioning strategy with rental uplift Stabilized exit through yield compression post-leasing Investment Rationale This asset represents a scarce large-floorplate office investment in a prime Athens location, combining: Immediate usability Low risk profile Strong tenant demand Clear upside potential in rental growth and resale value It is currently rented for €4500 per month. Ideal for: Private Investors | Family Offices | Institutional Funds | Developers