Sale, Residential, Building

Building for sale - Ilioupoli, Ano Ilioupoli, 1,051 m2 It is a modern, four-storey investment property, which consists of six apartments and three shops, ensuring stable and long-term returns. The building is immediately usable and ready for energy upgrade, which can significantly increase its investment value. general description Apartments: The six apartments are spacious, bright and well designed, with modern plumbing and electrical installations. They include spaces for kitchen, living room, bedrooms, as well as spacious balconies overlooking the sea on one side and Hymettus on the other. The apartments are ideal for both residential and commercial use, such as offices. Stores: The three stores on the ground floor are in an excellent commercial position, ideal for businesses looking for visibility and access to high-quality clientele. These premises already have long-term lease contracts with fixed revenues of 1,500-2,000 euros per store, with an annual increase of 5%. Investment Performance Current performance: The building generates total revenue of €130,000 per year, with an estimated return of 5.5%-6% from rents. Future performance: With the planned energy upgrade, revenues can reach € 150,000 per year, raising the yield to the level of 8%-10% conservatively, if the increasing value of real estate in Attica and especially in the Southern Suburbs is added. Rent stability: Long-term tenants (accounting firms, notaries, etc.) and historical consistency in payments are a major asset. Specifications Condition: The property is in excellent condition, both externally and in the common areas, without requiring direct costs for maintenance. Electronic ID: There is a full electronic building ID, as well as separate IDs for each apartment and store. Energy upgrade: The building is ready for inclusion in subsidized energy upgrade programs, which reduces operating costs and increases its future value. Location The location of the building is extremely privileged, combining commercial visibility with the possibility of comfortable residence. It is close to main arteries and transportation, while proximity to shops, services and stunning views boosts demand for apartments and shops. This property offers a strong combination of stability and growth prospects, ideal for serious investors looking for long-term profits.