Hotel, Athens, Greece

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Hotel, Athens, Greece

1,300,000 €
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Yield: 6.9% Built in 1907
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Features
  • Operating Incomе: 90,000 €
  • Occupancy: 100%
  • End of lease: 2033
  • Broker: 4.0%
  • Total rooms: 19

Historical building in the center of Athens.

Description

The building will be renovated in 2019 in a boutique hotel overlooking the Acropolis. 

The renovation permit is received. 

Hotel management company wants to operate the building & take it into lease. 

The initial lease agreement with the hotel management for the building is to be negotiated with the potential buyer. 

Deal type: Forward deal.

Financial performance

The forecasted annual income is 90,000 €.

The forecasted yield is 6,9%.

Tenants

An experienced hotel management company located in Athens.

Location

The building is located in the Thisio district, in the historical center of Athens, in 1.5 km away from the Acropolis.

Thisio metro station is in a 3–4 minutes walk, Monastiraki metro station is in a 7–8 minutes walk, Athens International Airport is about 28 km away.

There are such sights in Thisio as: the Temple of Hephaestus, the Attalos Stoa, the Makronis Museum, the Heraklidon Museum, the Athens Conservatory (with a large hall named after Maria Callas, for 200 people) and others.

Statistics in Athens

Price per m², €
1,549
Healthcare efficiency level
55
Index 55 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
52
Index 52 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 1,549.1
Apartment in a bedroom community, m² 1,630.44
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 0.87
Milk, 1 l 1.23
White bread, 500 g 0.81
Eggs, a dozen 3.09
Chicken fillet, 1 kg 6.94
Education Price, €
Kindergarten, per month 358.46
International school, per year 6,799.64
Health care index
Staff competence 62.94
Medical equipment 58.21
Research accuracy and completeness 56.72
Attitude towards patients 57.38
Security index
Crime rate 51.27
The risk of being robbed 46.33
The risk of car theft 53.53
The risk of break-in and property damage 55.86

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

More properties

If this property wasn’t for you, take a look at other hotels for sale in Greece.

You can see more hotels for sale in Athens elsewhere on our website.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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