Investment Property – Historic Centre, Chrimatistiriou Square | Asking Price: €380,000

Located in the very heart of Thessaloniki’s Historic Centre, just off Chrimatistiriou Square and on a street with significant commercial footfall, this prominent commercial premises is offered for sale. Spanning a total gross internal area of 210 sq.m., the property is well-suited for Class E use, including food & beverage, retail, office, or creative functions, subject to licensing and use class regulations.

Accommodation Overview:

• Ground Floor: Approx. 70 sq.m. with a wide shopfront and excellent visibility

• Basement: Approx. 70 sq.m., ideal for storage or ancillary space

• Mezzanine Level: Approx. 70 sq.m. with generous ceiling height

• 2 WCs

• Year of construction: 1980

• Rear courtyard (prasia) providing natural light and ventilation

• Mixed flooring: timber and ceramic tiles

• Infrastructure suitable for installation of active carbon filtration systems, allowing for foodservice or medical-related operations

Investment Potential:

The immediate area demonstrates strong rental demand, with neighbouring commercial units achieving:

• €1,600 – €1,800 per calendar month

This unit is expected to yield approximately €2,000/month, delivering an estimated gross rental yield of 6.32% p.a., making it a compelling investment opportunity in a high-demand commercial corridor.

Ideal For:

• Catering / Takeaway Establishments (subject to necessary consents)

• Concept Store / Retail Showroom

• Creative Studio / Multipurpose Space

• Boutique Office / Retail Unit

Its proximity to Aristotelous Square, Egnatia Street, and the upcoming Venizelou metro station enhances its value and connectivity, while the high commercial activity of the area ensures visibility and pedestrian traffic.