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Aparthotel in the central area of Athens, Greece

1,100,000 €
2,407 € /m²
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  • Total area
    457 m²
  • Yield
    7.3%
  • Rental rate (m²/month)
    21 €
Details
Property parameters
  • Leasable area: 319 m²
  • Total rooms: 6
  • 3-floor building
Transaction costs
  • Broker: 2.0%

The direct product of Tranio: Aparthotel in the central part of the city.

Description

The apartment hotel consists of 3 floors + semi-basement floor and includes 6 apartments.

Transaction type: Forward Deal.

Benefits

  • A fully legal rental business — a project is sold with a short-term lease license.
  • The Possibility to obtain a residence permit for a group of investors and their families (spouses, their parents, and children) for the whole period of their tenure.
  • A stand-alone, whole building which provides complete control over the project and independence in decision-making (for example, you can open an additional business in the building).
  • Turnkey project — complete transaction support, consulting, professional management of the rental business.

Extra opportunities

We can help you get a Golden Visa (permit without tax residence) when buying a property worth €250,000 or more.

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Financial performance

Projected yield of 7.3%.

Transaction costs

Broker fee: 2%+ 24% VAT

Location and nearby infrastructure

The property is located in the center of Athens, in the area of Exarchia, this is a densely populated, lively downtown area with many retail stores.

The bus stop can be reached on foot in 3 minutes, to the metro station — in 12 minutes.

Supermarkets, a farmer's market, a park, banks, and cafes are situated not far from the building. The main square of Athens is located in 2.6 km from the building, and the Acropolis — in 3.4 km.

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

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