The property is located in the heart of Kalverstraat, between Spui and Heiligeweg, and is let on a long-term basis to Croissanterie Outmayer, a well-established name in Amsterdam’s retail landscape. The location forms part of the busiest and most sought-after shopping area in the Netherlands and benefits from a continuous flow of both international visitors and local consumers.
Kalverstraat 174 is distinguished not only by its prime commercial position but also by its rich history. The building was originally constructed in 1904 as an antique store and was designed by Eduard Cuypers, one of Amsterdam’s most influential architects at the turn of the twentieth century. Its characteristic façade, featuring wooden shutters and stained-glass windows, contributes to the property's unique character and appeal.
Daan Mulders, Director Retail at Savills Netherlands, comments:
"The sale of Kalverstraat 174 highlights the continued investor appetite for high-quality retail assets in prime A1 locations. Whilst the retail market has evolved significantly over recent years, Kalverstraat remains one of Europe’s most dominant high streets. The combination of an exceptional location, a long-standing tenant and the building’s historical character generated strong interest from the market."
Savills acted as commercial advisor to the seller in this transaction.