Commercial apartment building in Athens, Greece, 630 sq.m

Property 630 sq.m., just 200 m. away from Korydallos metro station and Eleftheria’s
central square, at the Municiality of Korydallos.
The building consists of three levels, ground floor of 289.60 sq.m., 1st floor of 270.68 sq.m. and
2nd floor of 116.65 sq.m., on a plot of 445 sq.m. with building factor 2, remaining building
surface of 260 sq.m., i.e. the plot has the permission to build a new 890 sq.m. building.
The building constructed in 1980 and fully renovated in 2004 (static reinforcement, installation
of industrial floors in the surrounding area, insulation, awnings, sanitary ware, aluminum
frames, installation of fan coils, natural gas supply, interior & exterior painting, etc.)
It is leased to the Municipality of Korydallos, as since 2004 it houses the 16th Kindergarten and
the 18th Primary School and is in good operational condition.
The property is located in a densely populated residential area in which there are no plots,
which makes it a low-risk investment. It is estimated that in the coming years there will be a
steep increase in both the value of the property and its annual yield.