1588 €/sq.m.
PRIME INVESTMENT OPPORTUNITY Long-Term Leased Retail Property | Ioannina, Greece Investment Overview An exceptional institutional-grade retail investment opportunity located in Ioannina, one of the most strategically positioned commercial assets in Northwestern Greece. The property enjoys a prime location at the entrance of Ioannina, directly on the Ioannina–Arta National Road, close to both the Egnatia Motorway and Ionia Motorway interchanges, providing outstanding regional accessibility and visibility. The asset comprises: Land plot: 23,645 sq.m. Gross Building Area (GBA): 4,722 sq.m. Additional outdoor sales areas (Garden Center) Approximately 400 parking spaces Steel-frame "Big Box" retail building completed in 2007 The property was specifically designed and developed according to the tenant’s operational requirements and exceeds standard retail construction specifications. Strategic Location The asset occupies one of the most dominant retail positions in the wider Epirus region, serving customers from: Epirus Western Macedonia Parts of Aetolia-Acarnania The Ionian Islands Southern Albania Its location offers a significant competitive advantage, being approximately 10 km closer to Ioannina city center than the region's main competing retail park. Tenant Profile The property is fully leased to: PRAKTIKER HELLAS S.A. One of Greece's leading DIY and home improvement retail chains. The store constitutes one of the most important regional units within the tenant's nationwide network. Lease Information Tenant: PRAKTIKER HELLAS S.A. Initial Lease Commencement: 2007 Lease Extension Executed: 2022 Current Lease Structure: 5 years fixed + 5 years renewal option Remaining Lease Term: Approximately 7 years Annual Rent: €501,925.68 (plus VAT) Maintenance: Tenant responsibility Building Insurance: €3,000,000 policy maintained by tenant for the benefit of the landlord The tenant has already expressed interest in extending its occupation beyond the current lease period. Property Highlights ✓ Prime gateway location to Ioannina ✓ Fully leased income-producing asset ✓ Strong covenant tenant ✓ Long operating history and tenant commitment ✓ Excellent road connectivity and accessibility ✓ Multiple customer access points and dedicated logistics entrance ✓ Parking capacity significantly above statutory requirements ✓ Purpose-built retail facility tailored to tenant specifications ✓ Institutional-quality asset with stable cash flow Key Metrics Description Details Asset Type Retail Big Box / Commercial Center Land Area 23,645 sq.m. Building Area 4,722 sq.m. Parking Spaces 400 Construction Year 2007 Occupancy 100% Leased Tenant Institutional - Grade Retail Tenant Annual Rental Income €501,925.68 + VAT Insurance Coverage €3,000,000 Property Condition Excellent Investment Rationale This asset represents a rare opportunity to acquire a fully operational, income-generating retail property with a long-standing blue-chip tenant, strong regional market dominance, and excellent infrastructure connectivity i
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