All 15 photo

Apartment building with a yield of 10%, Athens, Greece

1,923,000 €
1,550 € /m²

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  • Total area
    1,240 m²
  • Yield
    10.3 %
  • Rental rate (m²/month)
    13 €
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Details
Property parameters
  • Leasable area: 1,088 m²

Direct Tranio product.

Building with apartments for a short-term lease.

Description

The usable area is 1,088 m².

A number of apartments: 15.

Type of deal: Forward deal.

Benefits

A fully legal rental business — a project is sold with a short-term lease license.

The Possibility to obtain a residence permit for a group of investors and their families (spouses, their parents, and children) for the whole period of their tenure.

A stand-alone, whole building which provides complete control over the project and independence in decision-making (for example, you can open an additional business in the building).

Turnkey project — complete transaction support, consulting, professional management of the rental business.

Financial performance

The projected yield 10%.

The cost of ownership

According to preliminary calculations, the annual utility payments are 19,260 euros.

The cost of the management company services is 20% of the annual rental revenue.

Location and nearby infrastructure

The building, with its cozy patio, is a 13-minute walk from Victoria metro station. All necessary facilities are located in a walking distance: mass-transit stations, cafes, pharmacies, a supermarket, paid parking and a bank.

The distance to the Acropolis is 3.7 km.

  • Property on the map
    Location right down to the building, street or city
  • Panoramas
    Virtual tour along the streets of the neighbourhood
  • Infrastructure
    Shops, schools, transport and entertainment

Statistics in Athens

Price per m², €
1,598
Healthcare efficiency level
55
Index 55 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
52
Index 52 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 1,598.23
Apartment in a bedroom community, m² 1,666.44
Transport Price, €
Public transport, 1 ride 1.4
Monthly travel card 30.0
Taxi, 1 km 0.74
Petrol, 1 l 1.55
Food Price, €
Water, 1.5 l 0.89
Milk, 1 l 1.23
White bread, 500 g 0.82
Eggs, a dozen 3.09
Chicken fillet, 1 kg 6.96
Education Price, €
Kindergarten, per month 364.1
International school, per year 6,989.39
Health care index
Staff competence 62.54
Medical equipment 57.95
Research accuracy and completeness 56.53
Attitude towards patients 56.72
Security index
Crime rate 51.34
The risk of being robbed 46.52
The risk of car theft 53.45
The risk of break-in and property damage 56.13

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
  • Bank financing from 3.5% annually
  • Property, plot and construction site survey
  • Management company services
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