This property is a ground floor retail shop with a basement, located in Avgorou. It features an open-plan shop area on the ground floor with direct access to a functional basement comprising two storage rooms, an office, toilets, and parking space for up to six cars, currently used as additional storage. Access to the basement is available via staircase, lift, or external concrete ramp.
The asset is leased under a secure 4-year contract expiring in September 2028, offering a strong return on investment of 10.5% with an annual rent increase of 2%, ensuring a stable and growing income stream.
The property enjoys a convenient location with easy access to main roads and close proximity to local amenities and services. It falls within planning zone Κα6, allowing a building coefficient of 90%, 50% coverage, and development of up to two floors (10m).
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𝐀𝐯𝐠𝐨𝐫𝐨𝐮
Avgorou is a small village part of the ‘red soil villages’ (Kokkinochoria), known for its delicious potatoes, tasty vegetables, and juicy fruits. The village hosts interesting ancient historical sights buildings and churches such as the Holy Monastery of Agios Kendeas and the Ethnographic Museum which depicts the daily life of the villagers in the past. With amenities such as supermarkets, coffee shops, and shops being available, Avgorou is ideal if you are looking for the quiet life that a village offers.