Investment Property – Historic Center, Chrmastiriou Square | Price: €380,000

In the heart of Thessaloniki’s historic center, next to Chrmastiriou Square, on a street with high commercial traffic, a commercial space of 210 sq.m. is for sale, suitable for healthcare use, but also for other business or investment purposes.

Details:

-70 sq.m. ground floor with display window.

-70 sq.m. basement (ideal for storage or support functions).

-70 sq.m. mezzanine with comfortable height.

-2 WC.

-Year of construction: 1980.

-Rear yard available.

-Flooring with wood & tiles.

-Allows installation of activated carbon filters for healthcare use.

Important new information:
According to the building’s statute, the property can be split into two independent units, utilizing the rear yard to create a 120 sq.m. residential unit with garden, while keeping the front commercial space.
This means the property can be used as mixed-use (store in front, residence in back), or converted into a maisonette at the back with separate access, while the store remains functional.

Investment return:
The area shows high rental demand, with stores on the same street renting for:

-€1,800/month.

-€1,600/month.

This property is estimated to generate €2,000/month rent for the store, while the rear residence can bring additional income or increase resale value, making it an excellent investment opportunity.
The mixed-use annual return is estimated at 6.32%, with potential further increase through splitting.

Golden Visa:
With the conversion of the rear unit into a residence or maisonette meeting the current special legal requirements (€250,000 route), the property can qualify for a Golden Visa, adding further investment value.

Suitable for:

-Food service or take-away (with proper specifications).

-Concept store / showroom.

-Multipurpose / art studio.

-Retail / offices.Mixed-use store + residence / maisonette.