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

1,923,000 €
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Total area: 1,240 m² Yield: 10.3%
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Features
  • 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 objects

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.

Statistics in Athens

Price per m², €
1,451
Healthcare efficiency level
55
Crime rate
48
Real estate Price, €
Apartment in the city centre, m² 1,451.09
Apartment in a bedroom community, m² 1,626.63
Transport Price, €
Public transport, 1 ride 1.4
Monthly travel card 30.0
Taxi, 1 km 0.74
Petrol, 1 l 1.57
Food Price, €
Water, 1.5 l 0.9
Milk, 1 l 1.21
White bread, 500 g 0.79
Eggs, a dozen 3.12
Chicken fillet, 1 kg 6.75
Education Price, €
Kindergarten, per month 350.78
International school, per year 6,561.11
Health care index
Staff competence 63.01
Medical equipment 58.07
Research accuracy and completeness 56.35
Attitude towards patients 57.39
Security index
Crime rate 51.08
The risk of being robbed 45.99
The risk of car theft 54.21
The risk of break-in and property damage 54.99

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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Enquire about this hotel
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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    • Bank financing from 3.5% annually
    • Construction site audits
    • Management company services
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