A retail property with a total area of 377 sq.m. Is offered for sale in an excellent location on a central avenue and within a high-visibility commercial street in Nea Ionia, one of the most established retail destinations in Athens Northern Suburbs. The property is currently leased and provides immediate income generation through a secured tenancy, making it an attractive investment opportunity for investors seeking stable cash flow and long-term capital appreciation. Property Features Total Area: 377 sq.m. Space Allocation Basement: 226.57 sq.m. Ground Floor: 100.75 sq.m. Mezzanine: 50 sq.m. Year of Construction: 1977 Located on a Main Avenue Situated on a High-Traffic Commercial Street Strong Commercial Visibility Direct Access to Public Transportation and Major Road Networks Investment Highlights The property benefits from a strong tenant covenant and generates stable rental income, supported by a contractual rent adjustment mechanism that enhances its long-term investment value. Annual Passing Rent: 79,076 Rent Indexation: Cpi + 1% Next Rent Review Date: The CPI-linked rental adjustment, increased by an additional 1%, provides effective protection against inflation while helping preserve and enhance the investments long-term returns. Executive Summary A compelling income-producing retail asset in Nea Ionia, strategically positioned on a key commercial thoroughfare, offering secured rental income and attractive investment fundamentals. Its excellent visibility, strong commercial location, and long-term lease profile make this property an outstanding investment opportunity within the Northern Suburbs retail market.
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Property ID: 310109093647
Original Property ID: GRCCI-Acnbixwrawrxfu0h