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Hospitality Property Investment Opportunity In Attica, Greece For Sale

NEA MAKRI ATTICA, Attica, Greece
Asking Price:
€4,000,000
Sales Revenue:
€200,000
Cash Flow:
€250K - €500K

Four Adjoining Hospitality Premises — Nea Makri, Attica, Greece

ASKING PRICE: €4,000,000 — NEGOTIABLE

An opportunity to acquire a commercial property comprising 4 individual, adjoining hospitality premises within one continuous building in Nea Makri, Greece.

The premises are designed for restaurant, café and bar use, with opportunities for independent operation or potential reconfiguration, and they have professional approvals.

The owners advise that the property may accommodate an additional storey providing approximately 1,000 sqm of construction potential, subject to formal planning and structural verification.

THE PREFERRED TRANSACTION IS THE SALE OF ALL FOUR PREMISES TOGETHER AS A SINGLE INVESTMENT.

The opportunity is being presented to international investors, hospitality operators, property developers, and buyers interested in acquiring commercial real estate in Greece. The premises are sold for use as entertainment venues, bars, or cafés. They could be converted into other food service businesses, such as a delivery service or a pizzeria, but must remain within the food, wine, or beer service sector. Alternatively, with the appropriate permissions, some or all of the units could be converted into residential housing, with the potential to add another 750 sqm floor.

Serious expressions of interest and offers are invited.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

We turned one store into a house, and it used to be on the Booking platform, but now it's only on Airbnb because even though it won the award for best accommodation for 2026, the platform didn’t protect us, so now it’s only on Airbnb.

As for the rest, the person who buys them can convert them however they want. And the one that’s on the platform has a professional license, but since it’s a warehouse unit with a professional license, we can also rent it out as a house. The name on the platforme  is "spacious seaside house in Nea Makri" Nikolaou Plastira 9 

Location:

NEA MAKRI ATTICA GREECE Nikolaou Plastira Street 9a. On a 1350 sq.m. plot, there are 4 shops located close to each other. There were 8 originally, but they were combined into 2,2,2,2, and so they became 4. They start from Nikolaou Plastira Street 9a and go up to Nikolaou Plastira and CITE Street. There are 4 shops, one next to the other.

Premises Details:

Each shop has a license to operate as any kind of restaurant, fast food, delivery, bar, so basically whoever buys them can turn them into whatever they want because each one has a professional license for any of these types of use.

Planning Consent:

We have legalized everything because it’s exactly a family business, and it’s very easy if the person who buys it wants to build the remaining 750 sqm or however much they want to get a permit. We, as lawyers, can also help get the permit if they want to build the other floor.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Someone can build another floor of 750 sq.m.

Competition / Market:

There’s no competition at all because they’re the only ones that have kept their professional license, and that really increases their value. Everything else is just houses, and those can easily be turned into houses too, but after that, it’s almost impossible to use them as shops because their license would be revoked.However, someone could use the title 'warehouse' and use them as residences, or just one of them like we do, and rent it out on platforms like Booking and Airbnb, without changing their professional use.

Reasons for selling:

The reason we are selling this family business is that Frederiki, whose father was a French counter-terrorism officer protecting France in Paris, passed away in 2022, and Frederiki is studying to become a judge in France. Since I, as her mother (I am a lawyer in the French State criminal office in Paris) and my sister are also lawyers and want to be close to her, our father Sotirios Metaxotos and our mother Afroditi Metaxotou, who was from the city of Bordeaux in France, have passed away.and we want to return to France to be close to Frédérique. So it's impossible for us to be able to oversee the stores in Nea Makri.

Employees:
We rent the shops and the tenant can have as many employees as they want
Years established:
The shops were rented from 1980 until 2018. That is, everyone rented the store and set it up however they wanted. One was rented as a pizzeria, another as a Beer Academy, another as a Greek restaurant, and another as a nightclub.

Other Information

Relocatable:
This business can be relocated
Contact Seller