New

Investment property in an entire 800 sq.m. floor, with high return potential

€1,500,000
  • 12 Bathrooms
  • ~800 m² Total surface
  • ~700 m² Living area

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.

Features
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Engel & Völkers Thessaloniki MMC

Your advisor: Alexandros Tirovouzis

Property ID: W-04A9QJ

Property details
  • Object type

    Flat

  • Bathrooms

    12

  • Floor

    5

  • Parking spaces

    2

  • Total surface

    ~800 m²

  • Living area

    ~700 m²

  • Flooring

    Marble, Tiles

Energy efficiency information
  • 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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