Details: Sold.

Office building for sale in Thessaloniki, Greece.
Income-generating property, the building’s tenant is an international high-tech company.
4 floors
The price was €1,900,000 and was reduced to €1,500,000.

€9,700 per month rental income (×12)
€116,400 per year.

The owner of the building agrees to sell the property for €1.5 million and no less under the following terms:

€750,000 at contract signing, followed by 4 payments over 4 years, with the buyer paying €187,500 each year.

The bank agrees to transfer the loan from the seller to the buyer over 8 years at 5% interest.

Total annual yield 7.5%.

Lease agreement secured until 2024.