The project of renovation of a historic building into a hotel.
Description
The building consists of two floors + roof garden.
The hotel will include 9 rooms and a restaurant.
The completion date is 8 months.
Price of the property before renovation: 750,000 €.
Necessary investments (cost of works and materials for the completion of construction): 500,000 €.
Total: € 1,250,000.
The expected annual income is 310,000 €.
* The income from the restaurant is not included.
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.
