Conntact :

Dipl. Eng. Georgios Georgiou

Telefon: 0049 821 529951

Fax: 0049 821 2290828

E-Mail: info@atlas-realestate.de

Plot for Parking-Building in Athens.

 

The plot is in the heart of Athens and has an area of  957,50 square meters. Front view of the plot 20,70 meters. The plot is for immediate sell. All portfolio is ready and everything is clear from both Law ’s viewpoint and Archaeological Department.

It must be noted that the required permission of construction has already been given from the Municipality of Athens (124/Δ/92). The official permission is for 540 parking spaces.

 

The property is in a central artery, 200 m from Omonia square, very near to two Metro stations and big hotels. 100.000 vehicles pass daily. A potential parking business of advanced technology is securing daily fullness of  95-100 %

 

Should this plot will be constructed for parking business, 40 % will be received as subsidy (no return). This is a parliament’s law published in the “Greek Gazette” (newspaper of the government). Parking business are considered as the best long-run of high yield business in Athens. Upon this, we have to add: This kind of business can be hired immediately and the potential investor has to obtain a steady highly satisfactory yearly yield. It can also be sold, as ready productive business and the investor can approximately triple his investing money.

 

There are two types of parking construction: The classic type (max 540 places) and the fully automatic type (10-15 % more places).

The average cost for the classical type is around 

3.900.000,- 4.200.000,- Euro and for the automatic type around 5.500.000,- Euro.

 

We have to inform you, after a quick market’s research and taking into account the status quo in Athens, you have to except an annual yield 7,5- 8,5 % for the capital going to be invested. Apart from the capital’s yield, parking business afford the so-called operational yield which ranges from 10-15 %. It depends upon how thatkind of business operate (ownership or third person)

 

Sale price: 4.500.000,- Euro ( very competitive price)  

 

The company Gasci International can help potential investors, especially foreigners, so that the parking construction to be of the highest quality on one hand, on the other to reduce the construction cost substantially. We offer also supports in legal sector, assistance towards the authorities and any other kind of help, if needed.

 

For additional information please contact us.