Details:
Historic building for sale, Greece.
An old tobacco warehouse declared a historic monument to be preserved.
In the center of Koala, approximately one hour’s drive from Thessaloniki, overlooking the old aqueduct and the coast.
Can be used as a hotel, apartment building, etc.
The city plans include a municipal building to be constructed nearby, a fact that will increase the property’s value in the future.
Four-story building, each floor with an area of approximately 720 sq.m., totaling approximately 3,600 sq.m. (including basement).
Several financial support options are available through Greek and European development programs (for example, subsidized interest on
bank loans, 40% free grants on investment, state financial support for renovation of a protected monumental building)
which can reduce the investment cost to a highly competitive level, bringing return on investment within 3-4 years,
(in the case of establishing a 4-star or 5-star boutique hotel, for example).