Office Building

Athens Northern Suburbs

Key Characteristics

Use

Size

Annual rental income

Estimated achievable yield

Asking Price

Office

: 3000 sq.m.

: 504.000 Euros

: 8.5-9.0%

Upon request

Details

An office building of 3.000 sq.m. total surface located in North West suburbs of Athens. The building areas feature Office areas, meeting and reception rooms and is served by 110 parking spaces. It consists of one underground floor, Ground floor and 2 floors above ground, is fully leased to a public authority (DEPA) and the lease is under negotiation for renewal. Currently the annual rental income for 2015 was 504.000 euros. The annual adjustment is CPI.

Notes

  • Strong tenant
  • Very unlikely to relocate
  • Newly signed lease can be a part of the deal

Location

The building is located in the north west suburbs of Athens. The region is not considered as a major business district, but many multinational companies used to locate their head offices in buildings which are not highly visible.

Office Building – Athens Northern Suburbs