Shopping Mall for Sale
Thessaloniki
Key Characteristics
Use
Category
Land Plot Size
Building Size
Asking Price
Yield
: Retail
: Shopping Mall
: 6.700sqm
: 18.508,87sqm
:12Million Euros
: 5,66%
Location
Deeds
Financ.Rep
Financ.Rep
: Thessaloniki
: YES – Upon Request – LOI
: YES – Upon Request – LOI
: YES – Upon Request – LOI
Property details
The shopping mall is built on a plot of 6700 sq.m facing 3 roads with the most important the Lagada Boulevard.
The building was constructed during 2009-2010 and has a total size of 18.508,87 sq.m. consisting of 3 basements, ground floor and first floor.
On the ground floor there are two shops with an area of 1485.5 sqm and 1154.83 sq.m respectively and on the first floor a shop with storage room with a total area of 5315.94 sqm.
From the total area of the building of 18.508,87 sqm the 10.552 sqm are private underground parking areas and the remaining 7.956,87 GLA
At front of the property is projected the construction of Metro Station of the new Northwest extension of Thessaloniki Metro.
The Building is fully leased to 3 tenants as shown on the table below
The building is clean without violations (minimal)
The building belongs to a company and is sold as a property and not as a company
Tenant Lease Expiry Notes
Media Markt – SATURN 03/2022 Unilateral renewal right for extra 15 years
Intersport 12/2021
Egnatia Super Markets 06/2022
Location
The property is located in one of the most commercial boulevards of Western Thessaloniki and at a point of exceptional visibility.
Directly next and opposite to the property are located the Super Market Masoutis, AB Vasilopoulos and LIDL.
Directly at front of the property is planned to be a metro station Polihni of the northwest extension of Thessaloniki Metro.
