This 1,653 sqm commercial building is strategically located along Kifissos Avenue, one of the main highways in Athens. The property is currently leased to a well-established baby department store.

Project Structure

The project was executed through the Special Purpose Vehicle (SPV), “LK88 Real Estate Development SA”, specifically created for this acquisition. The process involved:

1. Purchasing the Property: The building was acquired through the SPV.
2. Securing the Lease: A long-term lease agreement was successfully secured with the current tenant, ensuring stable cash flow.
3. Turnkey Investment: The SPV was then sold to a new owner, providing a turnkey investment solution with an already leased, income-generating property.

Key Benefits

• Prime Location: Situated on Kifissos Avenue, the building benefits from high visibility and accessibility, enhancing its commercial appeal.
• Secure Lease: The current lease to a reputable retail baby store guarantees consistent rental income for the new owner.
• Turnkey Solution: By selling the SPV with the lease in place, the new owner enjoys a hassle-free, income-generating investment from day one.

Conclusion

This project exemplifies a successful turnkey investment strategy, combining property acquisition, tenant security, and a seamless transfer of ownership.