Retail premises for sale

Αθήνα, Attiki, Greece

Premium Investment Opportunity

# premium investment opportunity

### Kerameikos | Gazi – Metaxourgeio – Votanikos | Piraeus Avenue

**A highly attractive investment opportunity in the heart of Athens, strategically positioned on Piraeus Avenue, within the dynamic Kerameikos – Gazi – Metaxourgeio – Votanikos corridor.**

This **prominent, corner and dual-aspect commercial building of approximately 600 sq.m.** is arranged over two levels and benefits from excellent visibility, accessibility and a highly strategic urban location.

The property represents an **income-producing investment opportunity**, with an active lease agreement secured until **August 2029** and an indicated **6% yield**, providing investors with an established income profile from day one.

## renovated & ready for occupancy

Originally constructed in **2000** and comprehensively renovated in **2022**, the property has been upgraded to meet contemporary professional requirements while maintaining a highly functional layout.

The renovation includes:

* Fibre-optic connectivity
* New electrical wiring
* Modern LED lighting
* Upgraded air-conditioning system
* Aluminium double-glazed windows
* Security entrance door
* Alarm system

The combination of the recent renovation and existing tenancy significantly reduces immediate capital expenditure requirements, making the property an attractive **turnkey investment asset**.

## 600 sq.M. With further expansion potential

The property comprises approximately **400 sq.m. Of ground-floor space**, complemented by a **200 sq.m. Office mezzanine**, creating a total existing area of approximately 600 sq.m.

Importantly, the property offers **potential to expand the total built area to approximately 800 sq.m.**, subject to the applicable planning, technical and regulatory requirements.

This additional development potential provides an attractive opportunity for investors seeking both current income and **long-term value creation**.

## strategic location

The property's position on **Piraeus Avenue** provides excellent connectivity to central Athens and the wider metropolitan area.

The broader **Kerameikos – Gazi – Metaxourgeio – Votanikos** area has evolved into one of Athens' most dynamic urban districts, combining commercial activity, offices, hospitality, dining, entertainment, culture and ongoing urban redevelopment.

Its central position and excellent accessibility strengthen both the property's commercial appeal and its long-term investment potential.

## key property features

* Approximately **600 sq.m. Existing area**
* **400 sq.m. Ground floor**
* **200 sq.m. Office mezzanine**
* Potential expansion to approximately **800 sq.m.**
* **5 parking spaces**
* 4 bathrooms
* 3 WCs
* Prominent corner position
* Dual-aspect
* Excellent frontage
* Comprehensive renovation in **2022**
* **6% indicated yield**
* Active lease agreement until **August 2029**
* Fibre-optic infrastructure
* New electrical wiring
* LED lighting
* Modern air-conditioning
* Aluminium double-glazed windows
* Security entrance door
* Alarm system
* Night-time electricity tariff
* Independent electric heating
* Energy Class D
* Constructed in **2000**

## an income-producing asset with upside

The property combines **established rental income, a long-term lease, limited immediate maintenance requirements and potential for future expansion**.

With an indicated 6% yield and an active lease through August 2029, it offers an attractive proposition for investors seeking **income from a centrally located commercial asset**, while the potential to increase the total area to approximately 800 sq.m. Introduces an additional layer of future value creation.

### A strategic athens investment

**A renovated, income-producing commercial property in one of Athens' most strategically positioned urban corridors - combining secure rental income today with meaningful potential for enhanced value tomorrow.**