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Aparthotel in the central area of Athens, Greece

1,100,000 €
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Total area: 457 m² Yield: 7.3%
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Features
  • 3-floor building
  • Leasable area: 319 m²
  • Broker: 2.0%
  • Total rooms: 6

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.

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.

Statistics in Athens

Price per m², €
1,598
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 1,598.23
Apartment in a bedroom community, m² 1,666.44
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 0.89
Milk, 1 l 1.23
White bread, 500 g 0.82
Eggs, a dozen 3.09
Chicken fillet, 1 kg 6.96
Education Price, €
Kindergarten, per month 364.1
International school, per year 6,989.39
Health care index
Staff competence 62.54
Medical equipment 57.95
Research accuracy and completeness 56.53
Attitude towards patients 56.72
Security index
Crime rate 51.34
The risk of being robbed 46.52
The risk of car theft 53.45
The risk of break-in and property damage 56.13

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

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Enquire about this hotel
Anna Kurianovich
Anna Kurianovich
Senior Investment Consultant
+44 17 4822 0039
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    • Bank financing from 3.5% annually
    • Property, plot and construction site survey
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