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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
Details
Property parameters
  • Total rooms: 6
  • 4-floor building
Tenants
  • No tenants
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Broker: 2.0%

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.

More properties

If this ad doesn't suit you, have a look at the other hotels for sale in Athens.

All ads in the country: hotels for sale in Greece.

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    Marina Filichkina,
    Head of Sales
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