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Plot with permit in Thessaloniki, Greece

$1,190,000

Nik MANTZAROU, Thessaloniki 546 27, Greece

Active
Last Updated: 02/17/2025

32

Cap Rate

Multifamily

Development Type

Details:
Cap Rate:    32%
Development Type:    Multifamily
Lot Area:    262 sqft
Permits:    Yes
Buildable Area:    958 sqft
Number of Elevators:    1
Floor:    5
Investment Strategy:    Value Add
Highlights:
  • Plot with permit for 22 studio apartments to build in 958 sqm
  • 55% ROE
  • Can be used for Golden Visa
  • In the heart of the NEW SOHO area in the center of Thessaloniki
Description:

Type: Plot with Permit
Bildable area: 958 sqm
Price: €[1,190,000 Euro]
Location: New SOHO Thessaloniki
Status: to construct
Features:
This plot located in the new center of Thessaloniki (SOHO Area), where many other developers are constructing new projects (Greeks, Chinese, Israelis and Germans)
It is being sold with a permit for 20-24 studio apartments for AirBNB or for Students

Investment Highlights:
High Rental Yield: [32]% estimated ROI and 55% ROE
Eligible for Greek Golden Visa (For investment of €800,000)
The new center – Mnay businessman, global companies, students and Great for Airbnb / Short-term rentals
Prime Location – 2 mins walk from One Salonica Mall, 5 mins from the Metro station

Contact Information:
Direct Contact: Ido
Company Name: Greek House Advisory
Phone: +972 50-9383080
Email: Ido@greekhouse.co.il
WhatsApp: +972 50-9383080
Website: www.greek-house.gr

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