Hotel for own management in the prime center of Athens, Greece

Additional information is provided after the signing of an NDA

Hotel for own management in the prime center of Athens, Greece

12,000,000 €
2,857 € /m²

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

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  • Total area
    4,200 m²
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Details
Property parameters
  • Land area: 600 m²
  • Total rooms: 93
  • 6-floor building
Transaction costs
  • Broker: 2.0 %

Old residential building for renovation, which can be redeveloped into a hotel (currently there is no management or lease agreement with a hotel operator) or a residential complex. The building has prime location in the city center of Athens.

Description

Building permit is received – for hotel or apartment building. The expected redevelopment period is 12 months.

The building has 6 floors with a total area of 4,200 m² and includes 93 hotel rooms (or apartments) and retail premises on the ground floor of 400 m².

Transaction costs

Buy-side brokerage fee is 2%.

Location

Athens is the capital of Greece, located in the historical region of Attica and is the economic, cultural and administrative center of the country. The population of the city is more than 3.5 million people.

Athens is the largest trade and distribution center and financial center of the country, in particular, more than 2.5 million tons of oil are processed annually there. Up to 70% of import and 40% of Greece’s export go through Greater Athens.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

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

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.

Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

Invest in development project

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Enquire about this hotel
    Julia Morozova
    Julia Morozova
    Investment consultant in Athens
    +44 17 4822 0039
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      • Bank financing from 3.5% annually
      • Property, plot and construction site survey
      • Management company services
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