Commercial Space for sale in Thessaloniki Kalamaria. ID Th6-467

Kalamaria, Thessaloniki, Greece

€750,000

Description

Commercial Space for sale in Thessaloniki Kalamaria. Located in the famous neighborhood of Kalamaria, Thessaloniki, this three-story commercial space presents an exceptional investment opportunity. With a total area of 396.22 square meters, the property is distributed across three floors: a 138.77 square meter basement, a 142.52 square meter ground floor, and a 114.93 square meter mezzanine floor. Although the property is in need of total renovation, its prime location and structural potential make it an ideal choice for various commercial establishments. The space can be transformed to suit a wide range of business needs, from retail shops and restaurants to offices and service providers. Given its size and location, the property holds the potential to generate significant rental income, with an estimated minimum rent of 5,000 euros per month. This makes it not only a versatile space for your own business but also a lucrative investment for those looking to lease it out. Take advantage of this unique opportunity to own a commercial property in one of Thessaloniki's most vibrant and sought-after areas, and unlock its full potential through renovation and strategic use. Commercial Space for sale in Thessaloniki Kalamaria. 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.