THESSALONIKI - CENTER - CENTER
Property Code: 506728
In the heart of the city, on the highly commercial and bustling Fragkon Street, there is a well-maintained building in which, in 2025, an entire floor was fully renovated and converted into 12 modern and tastefully designed studios, ranging in size from 30 to 57 sq.m. The studios are already operating successfully in the short-term rental market. The sale αφορά the property in its current, fully configured condition and includes the complete furnishings of all studios, as well as all necessary operational equipment (storage areas, hot water production system, etc.), allowing for the immediate and uninterrupted continuation of its exploitation. Financial data are available to serious prospective investors and demonstrate that the investment already yields a net return of approximately 6%, after deducting short-term rental platform management expenses, making it particularly competitive. It is worth noting that other floors of the building have already been converted, or are in the process of being converted, into studios of similar use, further enhancing the investment profile of the building. The stated energy efficiency rating refers to the condition of the property prior to renovation and does not reflect its current, substantially upgraded state. This is an excellent investment opportunity, ideal both for those seeking long-term capital appreciation in the historic city center and for those wishing to secure a stable annual income, which could even constitute a primary professional activity, given the current volume of overnight stays and the positive outlook for the future. There are already repeat bookings in place for 2026. There is also the option, subject to agreement, for the current owners to continue managing the property for a specified period, facilitating a smooth transition for the new investor. Finally, the photographic material is entirely authentic and accurately depicts the current condition of the property. -Golden Home Real Estate- Northern Greece 4, Ionos Dragoumi str, 54623, Thessaloniki Email: thessaloniki@goldenhome.gr Web: https://goldenhome.gr O: +302314405900 M: +306947645562
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| Boiler : | Yes |
| Renovation : | Complete |
| Drainage : | Sewer |
| Elevator : | Yes |
| Floors : | Tile |
| Computer network : | --- |
| Satellite Antena : | --- |
| Furnished : | Yes |
| Electrical devices : | All |
| Solar heater : | Preinstallation |
| Heating : | Individual |
| Pets acceptable : | No |
| Air conditioning : | Yes |
| Kitchen : | Single with living room |
| Kitchen (number) : | 12 |
| Bathrooms : | With luxury sanitary ware |
| Bathrooms (number) : | 12 |
| Guestroom : | --- |
| Security door : | Yes |
| Type Power : | Single phase |
| Rooms : | 12 |
| Natural Gas : | --- |
| External appearance : | Good |
| Noise : | --- |
| Surrounding area : | Close to market, Close to public transports |
| Storehouse : | Yes |
| Zone : | Residential zone, Commercial |
| Suitable for Vacation House : | No |
| Suitable for Business use : | Yes |
| Suitable for Students : | No |
| Quality construction : | Excellent construction |
| Quality area : | Good |
| Transportation : | Bus |
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
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