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Mixed-use opportunity in Ermou  City Center, Athens
Mixed-use opportunity in Ermou  City Center, Athens
Mixed-use opportunity in Ermou  City Center, Athens
Mixed-use opportunity in Ermou  City Center, Athens
Mixed-use opportunity in Ermou  City Center, Athens
Mixed-use opportunity in Ermou  City Center, Athens
Mixed-use opportunity in Ermou  City Center, Athens
Mixed-use opportunity in Ermou  City Center, Athens
Mixed-use opportunity in Ermou  City Center, Athens

Mixed-use opportunity in Ermou City Center, Athens

Ermou, Athina, Greece

63%

€9.500.000

Mixed use

Core+, Value-Add

4 Jan 2021

#10314

Property Details

2,275 m²

Gross area

4,175

1

Freehold

For sale

Owner

X

Fees

1.00 %

0.00 %

1.00 %

Investment Overview

The building is located in the heart of Greece's capital, Athens, near Syntagma Square, on Ermou Street, known as the oldest and most popular commercial street in the city. The deal includes the 2nd to 6th floors of a 6-story building. The property has an exclusive right to use the roof of the building. The property is currently rented at a price of € 17,000 per month. There is an option to extend the contract or cancel it according to the buyer's wishes. The building has a full view of Acropolis & Lycavitos Hill, which are the two most important centers of Greek tourism. The area is the central entertainment district of Athens and it includes a lot of restaurants, shops of the best leading brands, government offices, recreation centers and everything a large and central city may offer. The property is located on a pedestrian street, closed for transportation, however Syntagma Square is only 400m from the property and the square is connected by many means of transportation. From Sintagma Square to Monastiraki Square, Ermou Street is the main shopping street in Athens. The street faces a magnificent view of ancient mountains, monuments and temples. In the pedestrian mall, which is closed to traffic, it is very convenient to take a shopping trip. All the international brands such as Barshaka, E-Spirit, Zara, H&M, Mango and Marks & Spencer are present, along with hundreds of well-known local stores of Greek products and brands. In the street you can buy everything. From fashion and souvenirs to luxury goods and electronics, sweets, spices and more. Ermou is not only the famous shopping street in Athens but also the most interesting in the city. The combination of a mix of international and local brands, along with a lively and illustrated pedestrian mall, right in the center of Athens, with street performances by local and foreign artists and many beautiful young people full of joy, is a winning combination.

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