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Aparthotel in Monastiraki, with a 6% yield, Athens, Greece

2,500,000 €
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Yield: 6.0% Built in 1930
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Features
  • 4-floor building
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Broker: 2.0%
  • Total rooms: 6

Building with apartments for short-term rent.

Description

  • −1 Floor: 130 m², (several rooms)
  • 0 floor: 150 m² (75 m² x 2 apartments, each features a living room/ bedroom, kitchen, bathroom)
  • 1st floor: 160 m² (80 m² x 2 apartments, each features a living room/ bedroom, bedroom, kitchen, bathroom)
  • 2nd floor: 140 m² (1 apartment: living room/ bedroom, two bedrooms, two kitchens, two bathrooms)

There is a permission to build additional floors.

The property was built in the 1930s and completely renovated, painted outside and inside.

All apartments are equipped with new bathrooms and new electrical installations.

Financial performance

Projected yield 6%.

Transaction costs

Notary (state registration) is 1.5%.

Acquisition tax is 3,09%.

Brokerage fee is 2%.

Location

The building is located in the heart of Athens, near the Monastiraki Square and the Metropolitan Cathedral of Athens.

There are supermarkets, public transport stops, a museum, restaurants and cafes, bars, large chain clothing stores, historical monuments and churches in a walking distance from the property. 

Statistics in Athens

Price per m², €
1,513
Healthcare efficiency level
54
Index 54 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
51
Index 51 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 1,512.65
Apartment in a bedroom community, m² 1,632.77
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 0.88
Milk, 1 l 1.23
White bread, 500 g 0.81
Eggs, a dozen 3.06
Chicken fillet, 1 kg 6.85
Education Price, €
Kindergarten, per month 356.01
International school, per year 6,720.7
Health care index
Staff competence 62.14
Medical equipment 58.17
Research accuracy and completeness 56.52
Attitude towards patients 56.87
Security index
Crime rate 51.95
The risk of being robbed 46.8
The risk of car theft 53.96
The risk of break-in and property damage 56.03

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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Anna Kurianovich
Anna Kurianovich
Senior Investment Consultant
+44 17 4822 0039
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