Laurel Retail
Greece, Municipality of Athens, Athens
€150,000
€1,095/m²
Location
Property characteristics
Property parameters
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Price per m²€1,095/m² -
Total area137 m²
Description
*RETAIL INVESTMENT ASSET*
This asset will be completely redeveloped, from the facade exterior as well as the complete interior as to accommodate a fresh new serviced apartment concept to the market.
This building will not only have 1200 sq.m. of retail space leased to two Triple A tenants, but will also comprise of 3 levels of serviced apartments, 19 on each level that are perfect to accommodate young professionals and students into the area.
The location of the asset, along with the 57 serviced apartments on floors 1 through 3 and the exceptional retail space will make for an excellent investment opportunity and a chance to own a retail store within a vibrant, regenerated serviced apartment complex.
- Purchase Retail Store 150.000€ plus purchase expenses
- Contract Duration 4 Years + Extension
- Lease Increase C.P.I. + 1%
- Resale Potential resale with upside in excess of 30%
- Estimated monthly rent 600€
Updated at: 11/07/2024
Shop located in a new building
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Greece, Municipality of Athens, Athens
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