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

 

TenantLease ExpiryNotes
Media Markt – SATURN03/2022Unilateral renewal right for extra 15 years
Intersport12/2021
Egnatia Super Markets06/2022

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.

Shopping Mall for Sale – Thessaloniki

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