Description

Prime Investment Asset 4,700 sq.m. at the West Entrance | Value-Add Opportunity (Serviced Lofts)Located in the heart of Thessaloniki's booming new Business District (adjacent to One Salonica & Hub 26), a standalone 4,700 sq.m. industrial building is available for sale, presenting an exceptional value-add opportunity for full-scale renovation and change of use.

Key Features:

Total Area: 3,700 sq.m. superstructure (Ground, 1st, 2nd 3d floors) + 1,000 sq.m. basement  +Roof Garden.

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Structural Advantages: Rare ceiling heights unlocking mezzanine potential (Ground floor: 6.25m, Upper floors & Basement: 4.25m) and a pre-installed heavy-duty industrial elevator.

Highest & Best Use: Ideal for conversion into luxury Serviced Lofts (Student/Corporate Housing), a Polyclinic/Medical Center, or Corporate Headquarters.

The Investment Proposal: Our agency has prepared a preliminary Feasibility Study and 3D Architectural Renderings for "The West Hub" project: A conversion into 85+ Smart Lofts featuring premium communal amenities in the basement (Gym, Laundry, Co-working space, Cinema), effectively bypassing the need for conventional parking. This specific Business Plan offers an estimated Net Yield of over 6%.

Contact us for a detailed presentation of the Investment Memo and to schedule a site visit.

The asking price is 4.200.000€. For avoiding inconvenience, please use the following reference number when contacting us referring to the above property: Listing No = 3-43944.