Neoclassical Building for sale in Thessaloniki. ID ThB-1472

Thessaloniki, Greece

€900,000

Description

Neoclassical Building for sale in Thessaloniki. Presenting an exceptional opportunity to acquire a neoclassical building with a co-ownership stake of 81% over a total area of 925 sqm, located in the vibrant heart of Thessaloniki. This distinguished property, built in 1931, is a stunning example of neoclassical architecture, showcasing the elegance and grandeur characteristic of this timeless style. The building comprises a ground floor, two upper levels, and a basement, providing versatile space that can cater to a variety of uses, whether residential, commercial, or mixed-use. Its preserved status ensures that the building's historical and architectural significance remains intact, making it a rare find in today's market. Situated in the bustling city center, the property enjoys excellent visibility and accessibility, surrounded by a rich array of shops, cafes, and cultural landmarks. This unique investment opportunity allows you to engage with Thessaloniki's rich history while reimagining the space for modern purposes. Seize the chance to own a piece of architectural heritage and transform it into a vibrant hub that honors its past while embracing the future. Neoclassical Building for sale in Thessaloniki. Location Information: Thessaloniki Greece (or Salonica), the capital of Macedonia Prefecture, is the second largest city in Greece, after Athens. In fact, the town is honorarily called co-capital, for its historical and administrative importance. The history of the town started in ancient times and due to its strategic location, it played an important economic and political role in the wider region of the Balkans. Thessaloniki’s real estate has salvaged its appeal for both domestic and foreign investors. In 2019, the city’s real estate market pivoted to the upward direction due to the growth of Greece’s economy after the recession. Also, the country’s position in the eurozone serves as a boost to prospective investors. Real estate investment is a major example; according to the Bank of Greece, the amount of direct foreign investments in the property market amounts to €500 million. Another major boost for the real estate market is the potential rental returns from the flourishing short-term rental market. Since the city is a booming tourist destination, it creates a high demand for rental properties. Statistics show that records over 3 million tourist visits annually, and this is good news for rental property investors. Thessaloniki holds a prominent position in Greece’s economy. This is one good reason why investing in real estate in the city is a wise investment choice. You may visit our Golden Visa page, https://greek-golden-visa.com/ for detailed information regarding the procedure of applying and obtaining the Greek Golden Visa, as well as all its benefits.