Apartment building, Athens, Greece

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Apartment building, Athens, Greece

1,500,000 €
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Total area: 270 m² Yield: 2.4%
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Features
  • Operating Incomе: 36,000 €
  • 3-floor building
  • Occupancy: 30%
  • Acquisition tax: 3.09%
  • Total apartments: 1

Three-storey apartment building.

Description

The area of the object is 270 m².

The building includes 3 apartments.

It is possible to purchase only an apartment on the ground floor with the cost of 500,000 euros.

Financial performance

The current annual income from renting an apartment is 7,800 euros. 

The projected income after indexation and delivery of all apartments for rent is 36,000 euros.

The projected yield is 2.4%.

Tenants

At the moment, the upper floors are owned by the owner, but subsequently they can be leased.

Transaction costs

Acquisition tax is 3,09%.

Location and nearby objects

The property is located in the most fashionable area of one of the suburbs of Athens on the Attic Riviera with a population of more than 80 thousand people. There is an old airport not far from the building.

The distance to the center of Athens is 15 km.

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Enquire about this apartment building
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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