Investment Opportunity In A Commercial Building In Kavala With Unlimited View

Investment opportunity in a commercial building in Kavala with unlimited view
The building was constructed to serve the needs of a tobacco warehouse as its primary function. Currently, it operates as a commercial building leased to a television company and another business, whose contracts expire in a very short time, providing new owners with complete freedom to decide how to manage all the spaces and levels of the building.
It is in good condition as is, and with a renovation/reconstruction, it can be used as a hotel, residential building, diagnostic center, or whatever the new owners desire. There are already proposals for floor plans configured into small or larger residences (for exploitation with long-term or short-term rentals, as well as indicative studies of returns).
It is literally facing the wave, with an excellent view both towards a characteristic monument of Kavala (Old Aqueduct, Kamara), as well as towards Thassos and Mount Athos. Just 600m from the port, it is literally within walking distance from the City Fortress, beautiful beaches, marinas, resorts and spas, stadiums, the Municipal Stadium, and the Indoor Swimming Pool, as well as hiking trails. It is 4.3km from the International University.
Its location makes it an excellent choice for very high returns whether as a hotel, residential units, or as a commercial building (e.g., Diagnostic Center).