New property of Karouzos in the center of Glyfada is put up for auction – With a starting price of 7.761 million euros

By Matina Harkoftaki

Another page will be added to the series of the highly acclaimed real estate purchase case in which the main protagonists were the businessman Giannis Karouzos and his ex-wife Rebecca Skaftoura. Another real estate fillet, which belonged to a company associated with the couple’s former business, made its appearance on the online auction platform.

On June 22, the electronic hammer is scheduled to strike for a plot of land, which is for sale for debts of Carouzos Real Estate. The first offer price has been set at 7.761 million euros, while Intrum Hellas is in a hurry. This is a plot, which is located on Kyprou and Grigoriou Lambraki streets at number 29 in the heart of Glyfada, as it is only one building block from the main street Ag. Metaxa, which is the commercial core of the region.

This plot, which extends to a total area of ​​2,145.04 sq.m., is fully demarcated and remains unstructured, while it is located in a position of gentle slope of soil morphology. The specific area essentially came from the merger of three independent properties, which the debtor Carouzos Real Estate acquired in 2006. The company’s goal was to build a horizontal property on the specific plot with parking spaces in the basement, as shown by the deed of establishment which dates back to since 2009.

The real estate market research for the area

According to the assessment report, the plot is located within an approved road plan of the municipality of Glyfada, while the building factor of the plot is estimated at 0.80 and the allowed coverage at 1/3. The plot is located close to Ag. Metaxa, the street with the greatest commerciality, in which most branded companies for retail sale of products and services maintain stores.

Regarding the demand for real estate in the area, as indicated in the assessment report, the central commercial zone of Glyfada has a generally high building density and generally good roads, however, it knows a minimal rate of development and construction of new buildings, which is due to lack of available plots, while it presents an intense parking problem that worsens during the working hours of the commercial stores.

According to the research of the real estate market, it was found that “the rental prices of commercial stores, in positions of high visibility and commerciality, on Ag. Metaxa in Glyfada, generally range between 70-120 € / sq.m. Of reduced ground floor area. In addition, commercial stores within the central commercial core of Glyfada, but on secondary streets in relation to Metaxa (indicatively mentioned Grigoriou Lambraki, Andrea Lazaraki) collect rental values ​​that generally range between 30 – 70 € / sq.m. specifications, luxury construction, in places of remarkable visibility within the central commercial core of Glyfada, generally range between 16 – 28 € / sq.m.

It should be noted that this is not the only property belonging to a company of interests of the Karouzos-Skaftoura couple that goes under the hammer, as on May 11 an attempt will be made to sell a high-rise building, which houses, among others, a supermarket of the Sklavenitis chain and which is located opposite Larissa Station, at 8 Philadelphia and Samos streets in Athens. Accelerating is Alpha Bank, which proceeded with the forced seizure of debts of the owner company of the property, Larissis Station SA (former Karouzos Station), while the first offer price has been set at 8.75 million euros.

Construction of the building was completed in the late 2010s, and initially housed a Carrefour hypermarket as well as a store of the Saturn electronics chain. When Saturn left our country, the store closed and only the Carrefour store remained in operation, which was later transformed into Sklavenitis after the agreement with Marinopoulos.