Details:
Commercial building in central Athens for sale.
The building is leased by the Greek government and the contract is valid until 2020.
The building is centrally located near a metro station and a hub of shops, restaurants, houses, cinema, etc.
Total area is 1,500 sq.m. on 3 floors.
Plot of 600 sq.m.
500 sq.m. ground floor, floor 1 500 sq.m., floor 2 500 sq.m.
The building is a corner property and is leased by a government office.
The government has leased the property for 28 years and the contract is valid until 2020.
Each floor has a restroom.
There is 1 owner of the building; the government pays all expenses, except for a tax of 5,000 euros per year paid by the owner.

The annual yield from the building is 9%.

• Tenant exit options from the contract only by court order.

• Construction cost per sq.m. in the area for commercial is approximately 700 euros.

• Construction cost per sq.m. in the area for residential is approximately 1,000 euros.

• In 2008-2009 the property price was 2,900,000 euros.