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Hotel – Athens, Attica, 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

The projected yield 6%.

Transaction costs

Notary (state registration) is 1.5%.

Acquisition tax is 3,09%.

Brokerage fee is 2%.

Location and nearby objects

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. 

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Enquire about this hotel
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 3.5% annually
    • Construction site audits
    • Management company services