Commercial (Building) in nea smirni, Athens for sale

Excellent investment opportunity in Nea Smyrni in the southern suburbs of Athens.

The asset is located in a prominent position in direct proximity with Syggrou Avenue,which is a main vehicular artery of Athens linking the city center with southern suburbs.

The opportunity concerns a 6-storey commercial building (Building II) including part of the 1st basement and the entire 2nd basement of a 2-buildings block (Building I & II) situated in a 2,109 sqm land plot. In particular,the property includes 44 parking spaces  at the 2nd basement,2 storage spaces at the pt basement of 362 sqmin total,2 ground­ level retail stores of 352.75 sqm in total with 5 parking spaces at grade (subject to the exclusive use of Store 2), and floors 1to 5 accommodating office spaces of 2 042 sqm in total. There is an illegally constructed mezzanine of 95.49 sqm,an arbitrary expansion of 8.15 sqm also at the ground floor,an un authorized closed semi-open space at the 5th floor of 21.57 (3.32 + 18.35) sqm and change of use of the 5th floor M&E space (195.11 sqm) to offices. All areas have been legalized according to the relevant laws.

The property is constructed by reinforced concrete. The building has one elevator and a main staircase and one emergency staircase,central cooling and heatingsystem,WC in every floor and open plan design on the floors with interior partitioning. It features also suspended ceilings with integrated lighting fixtures, double glazed windows and marble floors. The building has been lying vacant for several years and is on average state of maintenance.