for sale Building in Ilioupoli Attica 1051m2 ,2350000€

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for sale Building in Ilioupoli Attica 1051m2 ,2350000€

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for sale Building in Ilioupoli Attica 1051m2

2,350,000€

Id:85937181

(0)
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Ilioupoli, Attica

Description

Prime Investment Property – Fully Leased, No Encumbrances This is an investment opportunity in the Attica region, Ilioupoli area,with the following key highlights: Sole ownership of the entire building (single owner). Fully leased with strong rental contracts and reliable tenants. Lease agreements include annual rent escalations. High yield, currently exceeding 6% in relation to its asking price. Excellent condition, well-maintained, with a registered electronic building ID, and ready for energy efficiency upgrades. 🔹 Property Overview This is a modern, four-story investment property, consisting of six spacious apartments and three ground-floor retail units, generating consistent and long-term income streams. It is immediately income-producing and offers significant potential for capital appreciation through planned energy upgrades. 🏢 Building Description Apartments The six apartments are bright, spacious, and well-designed with modern plumbing and electrical installations. Each features a kitchen area, living room, bedrooms, and generous balconies offering sea views on one side and views of Mount Hymettus on the other. Suitable for residential or professional use (e.g. offices). Retail Units The three ground-floor retail shops occupy a high-visibility commercial location, ideal for businesses seeking exposure to a high-quality clientele. They are currently leased under long-term agreements, generating stable rental income of €1,500–€2,000 per unit monthly, with 5% annual increases. 📈 Investment Performance Current Rental Income: €130,000 annually Estimated return: 5.5%–6% Future Potential: Following planned energy upgrades, rental income could increase to €150,000 per year, boosting return to 8%–10%, supported by the upward real estate trends in Attica, especially the Southern Suburbs. Rental Stability: Long-term tenants (e.g., accounting firms, notaries) with excellent payment history add to the investment’s reliability. 🧱 Technical Specifications Condition: The property is in excellent condition both externally and in all common areas, with no immediate maintenance needs. Electronic Building ID: Fully documented, including separate digital IDs for each unit and retail space. Energy Upgrade-Ready: Eligible for government-subsidized energy efficiency programs—lowering operating costs and increasing asset value. 📍 Location Advantages Strategically located with strong commercial exposure and residential appeal, the building benefits from: Proximity to main roads and public transport Nearby shops, services, and amenities High demand for both residential and retail spaces due to location Beautiful views from the upper floors This asset presents an ideal blend of income stability and growth potential, perfect for serious investors seeking long-term value. 📐 Detailed Breakdown of Areas Basement Pastry Workshop: 220.20 m² Common areas (staircase, boiler room): 26.36 m² Ground Floor Shop I1 (Pastry shop): 83.28 m² Shop I2 (Café): 59.62 m² Shared areas: 16.43 m² Mezzanine Shop I1 mezzanine: 24.30 m² Independent office with separate entrance: 49.13 m² First Floor Apartment A1: 71.25 m² Apartment A2: 70.65 m² Shared areas: 15.73 m² Second Floor Apartment B1: 93.23 m² Apartment B2: 58.84 m² Shared areas: 15.73 m² Third Floor Apartment C1: 71.25 m² Apartment C2: 70.65 m² Shared areas: 15.73 m² Rooftop (Terrace) Private rooftop space: 17.65 m² Shared rooftop area: 8.67 m²

Overview

Property ID: 85937181

Reference Id 12200DIMP

Type: Building

Bathrooms: 2

Floors: 4

Square: 1,051 m²

Construction Year: 1977

Amenities and features

Lift
Intercom
Videophone

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