Investment Apartment on the 8th Floor of a Luxury Building in a Prime Location

€260,000
  • 5 Rooms
  • 2 Bedrooms
  • 1 Bathroom
  • ~73 m² Total surface
  • ~61 m² Living area
  • Construction year 1980

Description

Located on one of the most strategically positioned and rapidly developing streets in Thessaloniki’s Historic City Centre, this 61 sq.m. property, built in 1980, is offered for sale as an exceptional investment opportunity. Situated on the 8th floor of a modern, upscale building, the property was created by combining two offices into one spacious unit. It features a large balcony with open views, offering excellent potential for redevelopment and value enhancement. The layout comprises an entrance hallway leading to the reception area, two rooms with direct access to the balcony, a separate kitchen, and a bathroom. The building boasts an elegant entrance with marble finishes and decorative tiling, complemented by two large elevators, reflecting the quality of its construction. Currently used as a law office, the property can easily be converted into a residential apartment, a modern professional space, or potentially two independent studio apartments, subject to the necessary approvals. Its prime location provides immediate access to retail shops, public transportation, the port, and the vibrant Ladadika district, offering exceptional versatility and strong rental demand. Investment Advantages & Potential Versatile Investment Opportunity: Ideal for a complete renovation and transformation into a contemporary luxury apartment, professional premises, or potentially two separate studio apartments, subject to feasibility and the required approvals. Strong Rental Potential: Its central location makes it particularly attractive for long-term rentals to students and professionals, as well as other potential rental strategies. Prime Central Location: Positioned in the heart of Thessaloniki’s commercial and business district, on a major thoroughfare within a rapidly developing area, with a metro station just a few steps away. An excellent opportunity for investors seeking a property with multiple development options in one of Thessaloniki’s most strategically located urban areas.
Features
Air-conditioningBalconySecurity systemElevator
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Engel & Völkers Thessaloniki MMC

Your advisor: Nikos Gribas

Property ID: W-02S8WM

Property details
  • Object type

    Flat

  • Rooms

    5

  • Bedrooms

    2

  • Bathrooms

    1

  • Floor

    8

  • Number of Floors

    9

  • Total surface

    ~73 m²

  • Living area

    ~61 m²

  • Usable surface

    ~61 m²

  • Flooring

    Tiles

Energy efficiency information
  • Construction year

    1980

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

  • Energy source

    Central heating

Location: Historical Centre, Thessaloniki

Ladadika Ladadika Square isn't actually a square, but a captivating district in Thessaloniki! Imagine strolling past restored neoclassical buildings lining narrow, cobbled streets. The air is rich with the aroma of spices and roasting coffee, beckoning you into trendy cafes and tavernas. By night, the area transforms into a vibrant hub, abuzz with locals and visitors enjoying Thessaloniki's famed nightlife. While the charming streets hold mostly restaurants and shops now, history whispers from its past as a bustling marketplace. As for housing, Ladadika's popularity means finding an apartment here might be a charming challenge. However, the reward is living in the heart of Thessaloniki's beating heart.

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