Building for Sale

For Sale: Professional Corner Building in the Center of Thessaloniki A highly prominent professional corner building is available for sale in the heart of Thessaloniki. The property has a total surface area of 1,850 sq.m., distributed across a basement, ground floor, six main floors, and an attic level. The building was originally constructed in 1937, with three additional floors added in 1965, and underwent a complete structural reinforcement and change of use from residential to commercial in 2001. The 200 sq.m. basement includes auxiliary and storage areas. The 180 sq.m. ground floor consists of three independent retail shops, currently leased until the end of 2025. From the 1st to the 6th floor, there are professional offices, 224 sq.m. each, while the top recessed floor (126 sq.m.) is also fully functional. Floors from the 1st up to the attic level generate a monthly rental income of €14,442, and the ground-floor shops bring in an additional €7,728 per month, resulting in a total annual income of €266,040. The lease agreements include an annual adjustment equal to the inflation rate plus 1%. The building features a lift, structured cabling system, three-phase power, air conditioning for heating and cooling, as well as ventilation, fire detection, and fire suppression systems. The property is fully leased, offering a gross annual yield of 5.32%, making it an ideal investment opportunity for buyers seeking a high-visibility property with a stable income stream and established tenant base. Its prime location in the center of Thessaloniki-an area of high commercial activity with immediate access to public transport-enhances its investment potential and long-term value. Asking price: €5,000,000 GEOKTISIES 2310330287,6981241388 ****To view the property, it is necessary to provide your ID card or Tax Identification Number (TIN). The map location does not correspond to the exact address of the property.