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Agent Details

Ktimatoemporiki Real Estate

Ktimatoemporiki Real Estate

Chania, Chania, Ταμπακαριά

Personal Information

Contact Number

+302821056600

G.E.M.I Number

ADS2342344

Telephone Number

6995554195

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Investment Land for sale in Thessaloniki city center. ID Th3-2089

Thessaloniki, Greece

€9.000.000

Description

Investment Land for sale in Thessaloniki city center. Holding an exceptional location right in the heart of Thessaloniki's city center, in a highly commercial area, this 60.000sqm land is truly a unique opportunity, offering a huge development potential with an abundance of options. Measuring a total surface of 60.000sqm in the busiest area of the co-capital, it offers a building allowance of 12.000sqm for the contruction of shopping centers, malls and shops. It is also ideal for athletic and fitness installations with a building capacity of 2.000sqm, while for banks and financial organizations the building density is 600sqm. Installations of up to 600sqm for car maintenance and repairs as well as for a garage can also be constructed. Additional options for development are entertainment buildings and installations, health clinics and hospitals. It belongs to an SA Company, and will be sold along with the company. It is a one-of-a-kind opportunity to invest in such a prime location, ideal for any investor that has the innovative mindset to see its' huge potential. Investment Land for sale in Thessaloniki city center Location Information: Thessaloniki Greece (or Salonica), the capital of Macedonia Prefecture, is the second largest city in Greece, after Athens. In fact, the town is honorarily called co-capital, for its historical and administrative importance. The history of the town started in ancient times and due to its strategic location, it played an important economic and political role in the wider region of the Balkans. Thessaloniki’s real estate has salvaged its appeal for both domestic and foreign investors. In 2019, the city’s real estate market pivoted to the upward direction due to the growth of Greece’s economy after the recession. Also, the country’s position in the eurozone serves as a boost to prospective investors. Real estate investment is a major example; according to the Bank of Greece, the amount of direct foreign investments in the property market amounts to €500 million. Another major boost for the real estate market is the potential rental returns from the flourishing short-term rental market. Since the city is a booming tourist destination, it creates a high demand for rental properties. Statistics show that records over 3 million tourist visits annually, and this is good news for rental property investors. Thessaloniki holds a prominent position in Greece’s economy. This is one good reason why investing in real estate in the city is a wise investment choice.

Detailed Information

Category

Land

Prefecture Name

Thessaloniki

Municipality

Thessaloniki

Location

Thessaloniki

Address

Thessaloniki, Greece

Property For

For Sale

Subcategory

Land

Plot Size

60000.00 m²

Price

€9.000.000

Maintenance

Contact agent for pricing

Security Deposit

Contact agent for pricing

Brokerage

Contact agent for pricing

Price Duration

Monthly

Calculate Financial Summary

Monthly Payment

€ 40.295

Principal Amount

€ 3.250.000

Total Interest Payable

€ 1.585.442

Total Amount Payable

€ 4.835.442

Payable Breakdown

Principal

67%

Interest

33%

This is an approximate calculation. Actual monthly payment values may vary depending on the lending institution.

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