Commercial Building Sale - ARGYROUPOLI, ATTICA

PRIME COMMERCIAL INVESTMENT | FULLY LET BUILDING ON VOULIAGMENIS AVENUE
Healthcare-Leased Asset | Argyroupoli–Elliniko | High Visibility | Strong Yield
Executive Summary
An outstanding opportunity to acquire a prime commercial building, fully leased to a well-established healthcare center, located directly on Vouliagmenis Avenue, the main arterial road connecting southern Athens to the city center.

Positioned in the high-demand area of Argyroupoli–Elliniko, just steps from The Ellinikon Megaproject, the property provides strong and stable rental income, with extremely low vacancy risk due to the sensitive nature of the tenant’s activity.

Key Investment Highlights
Property Type: Commercial Building

Total Built Area: 2,229 sq.m.
Plot Size: 1,276 sq.m.
Year of Construction: 1982
Parking: 20 dedicated spots

Floors:
Ground Floor: 492 sq.m. – Retail Use
Mezzanine: 261 sq.m. – Auxiliary (natural light)
Basement A: 492 sq.m. – Main Use
Basement B: 492 sq.m. – Main Use
1st Floor: 492 sq.m. – Modern Office Space

All areas are legally classified as Main Use

Tenant Profile – Healthcare Sector
The property is fully leased to a reputable healthcare center offering outpatient medical services. Due to the sensitive nature of the business, healthcare operators are characterized by very low tenant mobility — they rarely relocate, as operations require licensed space, medical infrastructure, and established patient bases.
Stable, recession-resistant industry
Long-term occupation behavior
Minimal capex requirements for landlord

Financial Metrics
Monthly Rent: €24,500
Annual Gross Income: €294,000
Gross Yield: ~4.02%
Lease Term: Active until 2029

Tenant: Reputable company in the medical sector
Predictable income stream with low risk and excellent covenant strength.

Location Highlights
Prime frontage on Vouliagmenis Avenue
800 m from Metro Station
Direct access to Attiki Odos, city center & airport
High commercial activity and residential density

Adjacent to the €8B+ Ellinikon Redevelopment, Europe’s largest urban regeneration project

Technical Features
Structure: Reinforced concrete
HVAC system: Full coverage
WCs: 10
Elevators: 2
Energy Performance Certificate: In progress
Two staircases – Full safety compliance

Asking Price: €7,300,000
Offered exclusively to serious investors.
Full documentation (lease agreement, plans, income statements) available upon formal request and NDA.

• Independent Heating

• excellent condition

• Garage

• Elevator
• From Side to Side
• Near Public Transport
• professional use