Sale, Commercial, Independent Building

GAZI - METAXOURGIO - VOTANIKOS - METAXOURGIO

Property Code: 504072

Rooms 13
Bathrooms 10
Floor 0 (Ground Floor)
Area 536 m2
Construction 1962

1400000

or by acquiring a mortgage €/ΜONTH

2611.9402985075 € / m2

Modify Date: 02/03/26

Description

For sale: fully operational commercial building of 536 sq.m. located at Metaxourgeio Square. The property was fully renovated in 2016 and features aluminum frames, upgraded infrastructure, and modern fire safety measures. It is currently leased until 31/12/27, with an annual yield of approximately 5.2%. The building is spread over 5 floors, with the following areas: ground floor 85 sq.m., 1st floor 123 sq.m., 2nd floor 117 sq.m., 3rd floor 105 sq.m., 4th floor 71 sq.m., and 5th floor 35 sq.m. Its location makes it highly attractive with multiple potential uses. It can operate as a hotel or boutique hotel, and there is also the possibility to convert it from commercial to residential use, significantly increasing its investment value and making it eligible for the Golden Visa program, with a price of €250,000. The property offers excellent access to all of Athens: just 3 minutes from Metaxourgeio metro station, 10 minutes by metro (or 30 minutes on foot) to the Acropolis, 7 minutes on foot to Omonia, and 8 minutes by metro (or 22 minutes on foot) to Syntagma Square. Call us to arrange a private tour and discover all the opportunities this property has to offer.

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Elevator : Yes
Floor : Tile, Marble
Double glazing : Yes
Start of Hire : 1/1/26
Heating : Air condition
Property status : Renovated, Good
Remaining Duration : 31/12/2028
Rental Performance : 1.01
Level Separation : Main
Level Separation : Main
Level Separation : Main
Level Separation : Main
Level Separation : Main
Level Separation : Main
Position : Facade
Access : Metro, Electric, Highway, Immediate
Floor area : 85
Floor area : 123
Floor area : 117
Floor area : 105
Floor area : 71
Floor area : 35
Energy Class : D

Loan Calculation

Loan Amount *Minimum loan amount 10.000€ Floating Interest Rate: Euribor 3M (indicatively 2%) + spread (from 1.75%) + contribution L.128/75 (0.12%) Fixed Interest Rate: from 2.8% + contribution L.128/75 (0.12%)
Loan Interest
Loan Repayment Period

Example: Loan of €100,000, total duration 30 years. For the first three years, final interest rate 2.92% and for the remaining 27 years, final interest rate 4%. Indicative installment for the first three years ~€420 and for the remaining 27 years ~€500

Indicative Installment Amount

Interest Amount:
*The final interest rate is determined based on the mortgage loan program (floating, hybrid, fixed) and the borrower's profile.

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