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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)
    15 €
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.

Extra opportunities

We can help you get a Golden Visa (permit without tax residence) when buying a property worth €250,000 or more.

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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

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.

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