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Hotel in Thessaloniki.


€ 4,000,000


Hotel in Thessaloniki.

Total area - 3 000 sq. m. Five floors. 50 rooms. 1918 year of construction. Year of repair-1998. Gas heating. Thessaloniki is the second largest city in Greece with a population, together with suburban areas, of more than 1,000,000 people. In Thessaloniki are: Aristotle University-the largest University in the Balkans, Macedonia airport and a major seaport, in its economic importance is second after Piraeus. In 2016, UNESCO included Thessaloniki in the list of the most attractive cities in the world. The hotel is located on one of the main highways in the center of Thessaloniki, 500 meters from the sea, 2 kilometers from the seaport and 19 kilometers from the airport. Within walking distance are the main and favorite places for walks of local residents and visitors, it is Aristotle square and the city promenade. Here are concentrated churches and temples actively visited by pilgrims, namely, the Church of St. Demetrius and the Church of St. Sophia, rotunda and Church of St. George, as well as many other churches and temples. The location of the property allows easy access to local and international exhibitions. HELEXPO exhibition center is located 4 kilometers away and annually receives up to 300,000 people from 25 countries. The cost of the hotel - 4 000 000 euros. There is a project of reconstruction of the hotel. With its implementation, the payback period will be 7.7 years, the rate of return on investment - 15 %. Part of the costs of acquisition, design, construction/reconstruction and equipment can be compensated from the funds of the European Union and Greece, in the form of grants for business development and VAT refund from the purchased goods. The amount of compensation varies from 35 to 55 %, each project is considered individually by a specialized body. The documents are ready to deal. Additional information is available upon request.


Property ID: 11889

Floor area:
3000 m²
Built in:
No. of bathrooms:
No. of units:
more than 5 units




Contact me about this property for sale

Nord investment
Dmitry Ivanov
Phone: +358 442-014-372

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