Stand Alone Commercial Unit, Corfu

The asset is a 2 storey building with a basement, constructed in 1998. It hosts both retail and office uses and has an outdoors parking area of c 30 parking spaces. The asset is currently leased to LC Walkiki until 2031 and is located next to high end retailers, banks and supermarkets in a highly commercial street.

Timeline

Access to VDR I, Q&As Session and Site Visits: commencing 4th April 2022 Submission of Non-Binding Offers: Monday 2nd May 2022 Evaluation of Non-Binding Offers and Pre-selection of Qualified Interested Investors: by Wednesday 4th May 2022 Due Diligence Phase & VDR II: commencing 4th of May 2022 Submission of Binding Offers: Monday the 30th of May 2022 Evaluation of Binding Offers and Selection of First Preferred Bidder: by 17th June 2022 Negotiations phase, Regulatory Approvals and Closing: by June 2022

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Location

Closer Area

This property is located on the National Road Kerkiras-Palaiokastritsas, one of the busiest and most commercial streets in Corfu. It is well located, approximately 2 km away from the city center the port of Corfu, thus the asset enjoys great accessibility and visibility. The immediate area is the most commercial area of Corfu, dominated by well-known hypermarkets, gas stations etc.

Accessibility

The property can be easily reached by car via the National Road Kerkiras- Palaiokastritsas. It is a 5-10 min drive from the port, the airport, the green buses and the Old Town of Corfu.

Wider Area

The property is located on the main road that leads to the North of the island. It is also very close to the intersection that leads to the Centre North and only minutes away from the intersection that leads to the South of the island. Corfu has a population of approximately 102,000 inhabitants, according to 2011 census. Most of the population is located near the centre and very close to the property. The location is without a doubt, fully commercial and very central to multiple points of interest.

Building Presentation

The asset is a 2-storey building with a basement, constructed in 1998. It hosts both retail and office uses and has an outdoors parking area of c. 30 parking spaces. The asset is currently leased to LC Waikiki until 2031 and is located next to high end retailers, banks and supermarkets in a highly commercial street.

Total Area

Total area: 1,184.55 m2

Basement: It has a total area of 456.57 m2 and includes common areas, i.e. stairwell, elevators, mechanical room, storage rooms & other auxiliary spaces and retail area.

Ground floor: It has a total area of 456.57 m2 and includes the main entrance, staircase, elevators & other ancillary spaces. The main space consists of retail area and w.c.

Semi-floor: It has an area of 98.00 m2 and includes the staircase, office area & other ancillary spaces.

1st floor: It has a total area of 173.41 m2 m 2 and includes conference rooms, the staircase, elevators & other ancillary spaces. The main space consists of office and w.c.

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Disclaimer


This web-site consist of information prepared by Deloitte Business Solutions S.A. (Greece) (“Deloitte”). Deloitte is acting as a sell-side advisor to the company Moiris Ktimariki S.A. (the “Company”), owner of the Portfolio and its administrator Sodia Real Estate Management S.A. (the “Administrator”). The Administrator has approved and authorised the contents and delivery of this website to potential parties interested in the Portfolio. None of the Company, the Administrator, Deloitte or any other person or entity make any representation of any kind regarding the accuracy or completeness of the enclosed data, or other information, or the reasonableness of any projections, assumptions or opinions, if any, contained herein, nor does any of them assume any responsibility or liability of any kind with respect thereto. This website is not intended to be a complete or a comprehensive description of the portfolio of properties owned by the Company. The Administrator and Deloitte reserve the right, without prior notice and without giving reasons, to vary or terminate the process underway, to reject any or all proposals with respect to any proposed transaction.