Investment Opportunity in Athens. ID AZ-160

Athens, Greece

€1,000

Description

Investment Opportunity in Athens. A rare investment opportunity is now available through a public auction for the long-term lease of a listed (preserved) property in one of the most strategic and high-demand locations in the center of Athens. The asset is ideal for commercial or professional use and offers exceptional potential for a flagship business presence. The auction deadline is set for February 18, with a lease duration of 30 years and an additional 10-year extension option, providing long-term stability for investors and operators. The minimum monthly rent is €18,000, while the property is offered with full rent exemption for the first 3 years, significantly reducing initial operating costs during the development and launch phase. The property comprises a total built area of 1,476.97 sq.m., including 1,153.22 sq.m. above ground and a 323.75 sq.m. basement, offering substantial space for retail, hospitality, offices, cultural venues or a mixed-use concept. A minimum investment of €1,500,000 in renovation works is mandatory, covering completion and construction upgrades. This requirement ensures that the future operator will deliver a high-quality restoration in line with the building’s preserved architectural character. The location is one of the strongest advantages of this opportunity. Situated on a pedestrian street, the property lies just 200 meters from Syntagma Square and the Metro station, directly within the most touristic and commercially dynamic area of Athens. High footfall, international visibility and premium positioning make this property ideal for leading brands or high-end commercial concepts. This public auction represents a unique chance to secure a landmark building in the heart of Athens with long-term control, exceptional tourist exposure and significant development upside. Investment Opportunity in Athens. Location Information: Athens: The city with the most glorious history in the world, a city worshipped by gods and people, a magical city. The enchanting capital of Greece has always been the birthplace of civilization. It is the city where democracy was born and most of the wise men of ancient times. The most important civilization of the ancient world flourished in Athens and relives through some of the world’s most formidable edifices. Athens is a city of different aspects. A walk around the famous historic triangle (Plaka, Thission, Psyri) and the old neighborhoods, reveals the coexistence of different eras. Old mansions, well-preserved ones, and others are worn down by time. Luxurious department stores and small intimate shops, fancy restaurants, and traditional taverns. All have their place in this city. The heart of Athens beats in Syntagma Square. Where Parliament and most of the Ministries are. Monastiraki, Kolonaki, and Lycabettus Hill attract thousands of visitors all year round. A few kilometers from the historic center in Faliro, Glyfada, Voula, and Vouliagmeni, you can enjoy the sea breeze. Or you can head up north and enjoy the fresh air in the more classy neighborhoods of Marousi, Melissia, Vrilissia, and of course Kifisia. The capital is famous, more than any other European capital, for its nightlife. Athens by night totally changes. The options for entertainment satisfy all tastes. The famous “bouzoukia” are the leaders in the Athenian entertainment. While the numerous theaters all around Athens offer a different type of entertainment. Athens is a divine city. Let it enchant you.