Office Building

Athens Northern Suburbs

Key Characteristics

Use

Size

Annual rental income

Estimated achievable yield

Asking Price

Office

: 5311.98 sq.m.

: 468.000 Euros

: 8.5%

Upon request

Details

An office building of 5.311,98 sq.m. total surface located in Northern suburbs of Athens. The building feature Office areas, meeting and reception rooms and is served by 120 parking spaces.  It is fully leased to 2 multinational companies and one of the leases is a closed lease with 8 remaining years and income of 28.000 Euros/month. Annual lease adjustment is CPI.

Notes

  • Strong tenant
  • Very unlikely to relocate
  • Close lease

Location

The building is located in the northern suburbs of Athens and has an easy access to Attiki Odos. 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