Plot for Retail Development – Joint Venture Opportunity

Retail property for sale in Athens -

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Address:

127 Herakliou str., Rizoupoli, Athens
Athens
-
Greece

Size:

From 5 to 17,500 sq m

Description:

PROPERTY INFORMATION
Type of Property: Plot for retail development
Owner: MARMIN S.A.
Project Name: Columbia
Type of Transaction: Joint Venture
Current Use of Land: Industrial
Plot Size:22.000sq m

DEVELOPMENT INFORMATION
The authorities recently approved Urban Centre uses (all commercial uses permitted) for the plot. The typical process of the induction of the property into the Town Plan is now pending and all three phases will be concluded in the coming months.
The scheme will include the Listed building at the front part of the plot, of 1.200sq m in two floors; the second floor will have cultural use and will host a music museum, while the first floor will be leased to a music related retailer.
Following the change of zoning to Urban Centre, the property enjoys the following building regulations:-

Plot Size: 14.000sq m
Building Co-efficient: 1,6
Estimated Coverage: 70%