Standing Investment, Piraeus High Street Featured Stryctured Disposal

 
Standing Investment, Piraeus High Street

Prominent corner building in busy central Piraeus location with prime retail store and excellent mass transit connections

Building

Nikolaidis Building is a 9-story commercial building with a Gross Letting Area (GLA) of 1,190 sqm. The building comprises one retail unit on the basement, ground floor and mezzanine and 13 offices, one of which is of very high specification. There is also a penthouse on the 8th floor that needs renovation.

Location

Piraeus, one of the busiest passenger ports in the Mediterranean, is on a recovery path with new infrastructure, improving mass transit and development projects. The property is situated at 200 m from Dimotiko Theatro Square, the focal point of the city. Iroon Politechniou Ave. is one of the main retail strips of Piraeus along which multinational retail chains are located including ZARA, Athlete’s Foot and English Home in a distance of less than 200 m from the property.

Rental Income

The building today is occupied at 77.3% on GLA terms and produces rental income of € 84,000 p.a. After the letting of the vacant spaces on market levels and the rent discount of the retail store in two years, the potential annual rental income is in the order of €114,000 approximately.

 

Contact listing agent

Kostas Plessias
+30 213 0169516
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Property info

Headline Iroon Politechniou Ave. & Karaoli Dimitriou
Property Type Building, Retail
Property Sector Retail
Transaction Type Sale
Size 1,190
Levels 11
Address 14, Iroon Politechniou Avenue, Piraeus
Structured Disposal Yes
Price / Rent 1350000

Location

Prefecture PEIRAIOS
Neighborhood Center

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