Thessaloniki, Central Macedonia
Investment property in an entire 800 sq.m. floor, with high return potential
Price
€1,500,000
Investment property in an entire 800 sq.m. floor, with high return potential
- 12 Bathrooms
- ~800 m² Total surface
- ~700 m² Living area
- Construction year 1967
Description
A particularly noteworthy investment opportunity in a strategic location in the city center, just a few steps from a Metro station, with immediate access to the market and a main road artery.
The property consists of an entire self-contained floor with a total gross area of 800 sq.m., which previously operated as a professional premises and offers significant potential for redesign and utilization.
Following the necessary studies and approvals, the large open-plan area can be configured into multiple independent residences, creating an investment model with particularly attractive rental yield prospects.
Immediate income from day one
One of the most significant advantages of this investment is that the property is already leased and generating income.
The new owner may continue the existing cooperation with the tenants, thereby securing an immediate return from the first day of the investment, without the need for an initial tenant-search period.
At the same time, the owner retains the option of future reconfiguration and alternative utilization of the property, with the aim of further enhancing its overall return.
Additional exploitable spaces
The property also includes 5 storage rooms on the ground floor, which can be utilized separately and generate an additional source of income.
The property also has 2 parking spaces, while there is the option to lease or purchase additional spaces—an especially important advantage for a city-center property.
Investment with two levels of return
This opportunity combines what every investor seeks: existing income and significant future capital appreciation.
The current lease provides an immediate return, while the 800 sq.m. area, the possibility of creating multiple independent units, the additional storage spaces, the parking spaces and—above all—the prime location next to the Metro create significant prospects for further development.
An investment opportunity for those seeking a large-scale property in the city center, with active income today and significant development potential for tomorrow.
Contact us for more information, financial details and a detailed presentation of this investment opportunity.
Properties combining this size, central location, existing return and potential for further development represent rare opportunities in the market.
Request more information today and explore the potential of this investment up close.
Engel & Völkers Thessaloniki MMC
Your advisor: Alexandros Tirovouzis
Property ID: W-04A9QJ
- Object type
Flat
- Bathrooms
12
- Floor
5
- Parking spaces
2
- Total surface
~800 m²
- Living area
~700 m²
- Flooring
Marble, Tiles
- Construction year
1967
- Energy certificate available
In progress
- Energy source
Electric heating, Gas heating
Location: Thessaloniki, Central Macedonia
Vardaris
Vardaris is located in the center of the city and is the zero point of the kilometer distances. Residents have direct access to all the services and amenities that the city offers, such as shopping centers, restaurants, museums and cultural centers. This close environment offers a comfortable and pleasant living experience.
It is a highly sought-after area for short-term rental. Visitors can enjoy the variety of properties on offer, from traditional listed buildings to contemporary apartments with city views. The area offers a unique opportunity for visitors to live like a local and enjoy the authentic Thessaloniki experience.
Another important advantage of the area is the good transport network it offers. Residents have easy access to buses and taxis, making it easy to get around the area. This is especially convenient for professionals who work in the city center and want to avoid traffic jams.
Also, Vardaris is famous for its large market. Residents have access to a wide range of shops, from large chain stores to local shops. This provides the opportunity for shopping, entertainment and recreation without the need for long commutes.
Finally, it is the main entrance to the city.
In summary, Vardaris offers a favorable environment for buying and renting real estate. With an ideal city center location, accessible space, good transport links and a large market, residents and visitors can enjoy a comfortable and rich city living experience.
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Engel & Völkers Thessaloniki MMC
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EV MMC Greece S.A.
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