Historical building in the center of Athens.
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.
The forecasted annual income is 90,000 €.
The forecasted yield is 6,9%.
An experienced hotel management company located in Athens.
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.