PROPERTY IN CHALANDRI AREA
20 Doukissis Plakentias Av. and Keas 1, Chalandri
Please find details about our property for sale in Chalandri, 20 Doukissis Plakentias Avenue.
This is a best of its kind commercial property of 1.150 s.m., located at the most commercial area of Athens, Chalandri, right next to the Metro of Agia Paraskevi and between all three Metro stations of the area (Chalandri and Doukissis Plakentias), only 1 minute from the “Attika Highway” by car. See here
The ground and underground level of 250s.m. each, is rented to a top quality Bakery “Kotsis” which is the highlight of the area as a café but also for bread, sweets and take away lunches. It has a rental contract for 12 years started on 01/12/2016 with an annual raise of 4% + inflation rate and has an income yearly of 100.000 euros.
There are three more levels up with independent entrance, first floor of 250 s.m. and two above floors of 190s.m. each.
This property is ideal to be converted into 16 Junior Suites (32 s.m. each) for hospitality use and may run parallel to the “URBAN RESIDENCE ” in Agia Filothei. Additionally, there is a roof top which can be converted into a well-designed roof garden with open air view.
Chalandri today is considered to be the best hotspot area for pleasure with lots of new restaurants, bars and clubs. It is closer to the airport than all other North suburbs of Athens in only 23Km distance and just 8Km distance from the ancient town of Athens and the Acropolis (10 minutes by train). Also 30 minutes distance away from all ports.(RAFINA/PIRAEUS)
The building has three sides on main streets. Its first license was issued in 1995 and is updated up to all current codes and regulations.
Business plan of the Property:
The URBAN RESIDENCE Serviced Apartments II, in CHALANDRI, comprised of 16 junior suites, per 120 E/night, can give an important annual income additional to the 100.000 euro income of the ground floor contract mentioned above.
SALE PRICE OF THE PROPERTY 6.000.000 EURO
URBAN RESIDENCE SUITES APARTMENTS AND BUILDING PROPERTY are situated in a prime location of the northern suburbs of Athens. Positioned in the heart of medical centers, with YGEIA & MITERA Hospitals only a step away, IASO, ATHENS MEDICAL Center Group and many IVF Centers a little further. Athens Olympic Stadium & Athletic Center is within walking distance as are HELEXPO, ATHENS MALL MAROUSI, GOLDEN HALL, AVENUE Shopping Centers. Many international companies have relocated to this area. Also the Casino of Athens will be situated next to us soon.
The fully detached building is positioned on a corner plot of 900 square meters, adjacent to a large public park and is the only private property on the whole block, surrounded by free green fields while it is only 8 kilometers distant from the center of Athens and 23 km from the airport. See map
The 1400 square meter luxurious building spreads out to four spacious levels, from floor level to 1st, 2nd and 3rd floor, plus an additional rooftop. It is fully functional and up to current code and regulations.
Urban Residence currently occupies 11 new modern well-designed apartments, 6 of which are located on the 3rd floor and 5 on the 2nd floor. Additionally, two owner’s homes with a total of 330 square meters, are located on the 1st floor that can be transformed into 8- 10 more junior suites apartments to be added in the current business. 9 parking spaces are available on floor level. See our site
The ground floor level includes a lobby with reception area, coffee bar, two small kitchens, office, mini gym, two WC, linen room, two laundry areas, storage room, boiler room, staff bedroom & bathroom and an independent 53 square meter apartment.
Financial plan of the Property:
The URBAN RESIDENCE Serviced Apartments, comprised of 20 suites (37sm-90sm), per 125E/night (average), can give an important annual income.
SALE PRICE of business and building is a total of 6.000.000 Euro.
It is a 1450s.m. building of four levels, a very high ground level of 255s.m., first floor of 255s.m., the first basement of 500s.m. and the second basement of 400 s.m.
It has a rental contract with a well known Pharmacy Company. Today it gives a yearly income of 95.000 euros with an annual raise of 3% + inflation rate.