Building for Sale

Rare Investment Opportunity: High-Yield Mixed-Use Building (6.13%) in the Heart of Kalamaria A prime mixed-use investment property is available for sale, strategically located on a main avenue in one of the most highly sought-after corner spots in Kalamaria. Boasting a dual frontage that ensures maximum commercial visibility, this fully leased property represents a stable and secure investment with immediate cash flow. Its privileged location offers direct access to the waterfront, a metro station, and public transportation, as well as a quick connection to the airport. These features significantly enhance its long-term value and ensure steady rental demand. Key Features: Total Area: 1,629 sq.m. (approx. 1,480 sq.m. net internal area). Levels: Developed across 6 levels (Basement, Ground Floor, Mezzanine, 1st, 2nd, and 3rd floors). Rental Units: 16 independent units. Usage Breakdown: 6 retail shops (230.09 sq.m.) on the ground floor, 1 storage room (24.39 sq.m.), and 10 residential units (ranging from 45 to 167 sq.m.) on the upper floors. Condition: Built in 1968, in excellent working condition (Energy Class C, Structural Assessment/YASVE: Green). Includes an elevator and balconies. Investment & Financial Profile (Base Case): Annual Income: €159,300 (Monthly: €13,276) from active leases, some of which extend through 2032-2033. Current Gross Yield: Approximately 6.13%. Risk Profile: Medium to low, thanks to excellent tenant diversification across commercial and residential uses. Value-Add Potential: An architectural proposal for the remodeling of the 1st floor (281.99 sq.m.) is already in place. Implementing this proposal could optimize the property's commercial value, increasing the potential annual income by €10,000–€15,000 (reaching a total of €170,000–€175,000). Under this scenario, the gross investment yield would jump to 6.8%–7.0%. Ideal for institutional investors and property management companies seeking a balanced asset with secure returns and room for further growth. The images provided are for illustrative purposes only and do not depict the actual property or its location. www.goldrealestate.gr , Gold Real Estate Group . Telephone from landline toll free for all of Greece 8001007744 and landline 2351077744 .On our website we have over 5000 properties with photographic material and each property that is subject to your needs. Like our page on facebook: https://www.facebook.com/goldrealestate/, to be the first to see all our new properties. 2351077744;8001007744 GOLD REAL ESTATE - CERTIFIED BROKERAGE - REAL ESTATE CONSULTANTS - CERTIFIED APPRAISERS - REAL ESTATE MANAGERS - JUDICIAL ASSESSORS - YEAR OF ESTABLISHMENT 2005