Commercial Building

Property Description

INFORMATION ABOUT VASSILAKIS’ PROPERTY AT GIOFYRO, HERAKLION, CRETE, GREECE

AREA AND LOCATION OF THE PROPERTY
Area of approximately 7,000 sq.m located at Giofyro, Heraklion, Crete, just 2,800 meters from the
center of the city of Heraklion in the island of Crete, between the old and the new National Road
connecting the two bigger cities of the island (Heraklion - Chania), on the top of a hill with
altitude of 15 meters.

EXISTING BUILDINGS
Two buildings have already been built in the property
1st BUILDING: Composed of two floors, as follows:
1. Ground floor 1,224 sq.m
2. 1st floor 916 sq.m
Total of 2,140 sq.m of 6.5 meters tall, 7,950 cubic meters (have been designed for an additional
floor area of about 1,000 sq.m).
2nd BUILDING: Located adjacent to the first building, with area of 750 sq.m, and height of 5
meters, a total volume of 3,750 cubic meters.
ELEVATOR: An elevator exists in the building. Also specially constructed ramps are
ideally designed for truck unloading directly to the first floor.
FENCING: Masonry fence with a length of 150 meters and a height of 4 meters on average.
Additionally a reinforced concrete abutment of 35 m length and 7,5 m height holds the surrounding
steep slopes of the property.
WELL: Depth of 31,5 m, diameter of 2,5 m, internally built.
DRAINAGE: Underground 200 meters.

GENERAL INFORMATION
1. South of the property and at a distance of about 80 meters the new National Road connecting all
the towns of Crete Island (from Chania to Sitia) passes through and a conjunction has been created.

2. The planned extension of the city of Heraklion includes the entire property area as well as the
buildings.

PURPOSE AND FORM OF PROPERTY
The original purpose was to build a modern factory for the processing and storage of raisins, but
because of the type, shape, volume and surface area covered and uncovered spaces can serve many industrial activities as well as for clean storage.

Previously the property had been leased by the Union of Agricultural Cooperatives of Heraklion and
the Agricultural Bank for raisins storage, fertilizer and other agricultural supplies.

Today, it is leased to the transportation company TAO.