For Sale   >   Greece Flag  Greece   >  Attica  >  Nomarchia Athinas  >  Dimos Nea Ionia  >  Nea Ionia  >  Rizopolis
Map Street View Save
close map
Pic:1 of 2
Pic:2 of 2
  • €1,250,000
    •
    CHECK IF AVAILABLE
    CHECK IF AVAILABLE
  • Development
  • For Sale 
  • Rizopolis, Nea Ionia
  • greece Flag Greece
Presenting a lucrative investment opportunity in Athens, Greeceâ€`a 4,500 square meter, 3-story warehouse with significant development potential. This property offers the possibility of transforming it into 100 separate 1-unit apartments along with a parking lot located in the basement.

Key features of this investment opportunity include:

1. Development Potential: With the potential to create 100 apartments and a parking lot, this property offers significant development possibilities. This opens doors to capitalize on the high demand for residential units in Athens.

2. Profitability: The estimated after-refurbishment cash flow from the apartments is approximately €50,000 per month. With an estimated ARV (After Repair Value) of €9 million, the property presents a substantial return on investment.

3. Joint Venture Structure: The investment opportunity is structured as a joint venture with a general partner who will oversee the construction, manage tenant relationships, and navigate the regulations associated with investing in the Greek market.

4. Investor Benefits: The investor will contribute the full €2 million for the refurbishment costs and, in return, receive the total monthly cash flow until their investment is recouped. This arrangement ensures a swift return on investment for the investor.

Please note that this opportunity offers a 47% share of the property for €1.25 million, providing a proportional share of the profits and benefits. It is important to consult with the general partner to understand all the terms and conditions of the joint venture.

Investing in this Athens warehouse project presents a unique chance to capitalize on the Greek market s potential and earn substantial cash flow. For further details and to discuss the investment structure, please contact us.
Presenting a lucrative investment opportunity in Athens, Greeceâ€`a 4,500 square meter, 3-story warehouse with significant development potential. This property offers the possibility of transforming it into 100 separate 1-unit apartments along with a parking lot located in the basement.

Key features of this investment opportunity include:
View more
CHECK IF AVAILABLE
Get Alerts