Reference ID: #SA36642
Price details: €4,700,000
The property is located at a seafront position within the Kanika Enaerios Complex, a development that comprises residential apartments, the Odyssey Hotel, and a variety of established commercial premises. This semi-detached commercial building offers direct pedestrian access from the seafront promenade and enjoys a strategic location just a short drive from the city centre. It is also adjacent to public municipal parking and features gated entry into the complex.
The building has a total internal area of 1,072m². With current market rental rates in the area at €30.00/m², the estimated annual rental value is €385,920.
In comparison, the proposed sale price of €4,700,000 (€4,384/m²) yields a rental return of 8.2% before taxes.
Fully Renovated in 2022
Common Area Expenses : Approximately €600 per month
