The property is located on Axarlian Street (formerly Lekka) no. 7, in Athens and has been built in two phases:
The oldest part was built in 1903 and consists of: Basement (semi-basement), area 207.50 sqm. Ground floor, area 234.00 sqm First floor, area 116.50 sqm, Second floor, area 193.50 sqm Third floor, area 121.30 sqm
The newest part was built in 1936 and consists of: Basement (semi-basement), area 116.25 sqm Ground floor, area 148.15 sqm First floor, area 100.40 sqm Second floor, area 100.40 sqm Third floor , area 90.30 sqm Roof, area 49.17 sqm
The two sections are served by the same staircase, but they are unequal.
The property has been classified as preserved in its entirety by the Presidential Decree of 30-06-1985 (Government Gazette 349/t. D'/19-07-1985).
The duration of the lease is 20 years, with the right to extend for a further 10 years (after a relevant mutual agreement of both parties) and the Contractor must, at his own expense, proceed with a renovation program of the building amounting to €1,500,000 including VAT, according to minimum.
The minimum monthly rent for initial bid in the tender is set at €30,000, plus stamp duty of 3.6%, which will be increased annually by a percentage equal to the increase recorded in the Consumer Price Index (CPI) of the previous year, and should not be less of 1.5%. A grace period is provided for the first two years of the lease due to the implementation of the investment program.
