Sale, Residential, Building

Located on a quiet street in the heart of Psirri, the property is a fully renovated neoclassical building of approximately 370 sq.m., held under a single title. It boasts distinctive character, high ceilings and unique architectural features, while being fully renovated and operational. The building has two completely independent entrances: one serving the commercial space and a separate private entrance serving the upper floors. The commercial space occupies the basement, ground floor and mezzanine. It has undergone extensive renovation and is currently leased to a well-established tenant operating a modern retail-oriented business. The initial lease term expires on September 30, 2027. There is an option to extend the lease for up to six additional years, subject to annual renewal by mutual written agreement, until September 30, 2033. The current annual rent is approximately €27,000, with a contractual annual increase of 5%, reaching approximately €36,000 by the final potential year of the lease. The lease agreement also provides the owner with the right to terminate the tenancy in the event of a sale, offering flexibility to a buyer who may wish to use the entire building. The upper floors are accessed through their own private entrance and currently comprise two units operating as short-term rentals: A spacious first-floor loft with two bedrooms, high ceilings and balconies. A rooftop studio with a private terrace of approximately 60 sq.m. Both units are listed on Airbnb and Booking.com, have excellent guest reviews and generate a combined annual gross rental income of approximately €60,000. The property may also offer several potential options for Golden Visa eligibility, depending on the investment structure and future configuration of the property.