£1,399,625
(€482/sq. ft)
€1,650,000
Retail premises for salePreveza, Preveza, Greece
3,423 sq. ft
Just added
About this property
Building, 318 Sq, For Sale
An Iconic Waterfront Trophy Asset in the Heart of PrevezaExceptional commercial properties are defined not only by their location, but by their ability to become landmarks.The Preveza Estate is one of those rare opportunities.Occupying a commanding position on the prestigious waterfront promenade of Preveza, this remarkable listed building combines architectural character, immediate investment performance, and exceptional long-term redevelopment potential in one of Greece's fastest-growing coastal destinations.Set on a 201 sq.m. Plot, the property comprises a beautifully preserved two-storey building with a total internal area of 318 sq.m., complemented by an outstanding 200 sq.m. Waterfront terrace overlooking the vibrant pedestrian promenade. Its impressive 22-meter façade enjoys one of the most prominent positions in the city, adjacent to the Town Hall and only moments from Androutsos Square and the new marina.The property is currently home to one of the city's established café-bar destinations, operating under a secure 12-year lease agreement that commenced in January 2022 and generates an annual rental income of €60,000, providing immediate and stable cash flow for the new owner.Internally, the building has been meticulously maintained and features two spacious levels connected by a striking circular steel staircase. Fully equipped with modern air conditioning, heating, ventilation systems, and premium commercial infrastructure, the property is ready for continued operation without additional capital expenditure.Beyond its current use, however, lies its greatest value.The property's architectural character, exceptional waterfront position, and generous proportions create an outstanding opportunity for repositioning into an exclusive boutique hotel, luxury hospitality concept, signature restaurant, or flagship commercial destination. Preliminary studies indicate the potential creation of six to eight luxury suites overlooking the harbour, while the ground floor naturally lends itself to an elegant restaurant, café, or lobby experience.The timing could hardly be more compelling.Preveza is entering a period of remarkable transformation, driven by substantial public and private investment. The continued expansion of Aktion International Airport by Fraport, the development of the new marina, extensive urban regeneration projects, and major road infrastructure connecting the region to the Ionia and Amvrakia motorways are collectively reshaping the city into one of the Ionian coast's most promising investment destinations.For investors seeking a secure income-producing asset today, combined with exceptional long-term capital appreciation and redevelopment potential, The Preveza Estate represents an opportunity that is increasingly difficult to find.Property HighlightsListed landmark building on Preveza's waterfront promenade.318 sq.m. Internal area across two levels.201 sq.m. Land plot.Approximately 22 metres of prestigious waterfront frontage.200 sq.m. Outdoor terrace with timber decking and pergola.Prime commercial location adjacent to the Town Hall and 150 metres from the marina.Fully leased until 2034.Annual rental income: €60,000.Potential conversion into a luxury boutique hotel with 6–8 suites.One of the most prominent trophy investment opportunities currently available in Western Greece.
An Iconic Waterfront Trophy Asset in the Heart of PrevezaExceptional commercial properties are defined not only by their location, but by their ability to become landmarks.The Preveza Estate is one of those rare opportunities.Occupying a commanding position on the prestigious waterfront promenade of Preveza, this remarkable listed building combines architectural character, immediate investment performance, and exceptional long-term redevelopment potential in one of Greece's fastest-growing coastal destinations.Set on a 201 sq.m. Plot, the property comprises a beautifully preserved two-storey building with a total internal area of 318 sq.m., complemented by an outstanding 200 sq.m. Waterfront terrace overlooking the vibrant pedestrian promenade. Its impressive 22-meter façade enjoys one of the most prominent positions in the city, adjacent to the Town Hall and only moments from Androutsos Square and the new marina.The property is currently home to one of the city's established café-bar destinations, operating under a secure 12-year lease agreement that commenced in January 2022 and generates an annual rental income of €60,000, providing immediate and stable cash flow for the new owner.Internally, the building has been meticulously maintained and features two spacious levels connected by a striking circular steel staircase. Fully equipped with modern air conditioning, heating, ventilation systems, and premium commercial infrastructure, the property is ready for continued operation without additional capital expenditure.Beyond its current use, however, lies its greatest value.The property's architectural character, exceptional waterfront position, and generous proportions create an outstanding opportunity for repositioning into an exclusive boutique hotel, luxury hospitality concept, signature restaurant, or flagship commercial destination. Preliminary studies indicate the potential creation of six to eight luxury suites overlooking the harbour, while the ground floor naturally lends itself to an elegant restaurant, café, or lobby experience.The timing could hardly be more compelling.Preveza is entering a period of remarkable transformation, driven by substantial public and private investment. The continued expansion of Aktion International Airport by Fraport, the development of the new marina, extensive urban regeneration projects, and major road infrastructure connecting the region to the Ionia and Amvrakia motorways are collectively reshaping the city into one of the Ionian coast's most promising investment destinations.For investors seeking a secure income-producing asset today, combined with exceptional long-term capital appreciation and redevelopment potential, The Preveza Estate represents an opportunity that is increasingly difficult to find.Property HighlightsListed landmark building on Preveza's waterfront promenade.318 sq.m. Internal area across two levels.201 sq.m. Land plot.Approximately 22 metres of prestigious waterfront frontage.200 sq.m. Outdoor terrace with timber decking and pergola.Prime commercial location adjacent to the Town Hall and 150 metres from the marina.Fully leased until 2034.Annual rental income: €60,000.Potential conversion into a luxury boutique hotel with 6–8 suites.One of the most prominent trophy investment opportunities currently available in Western Greece.
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