The hotel in the center of Athens, Greece

Additional information is provided after the signing of an NDA

The hotel in the center of Athens, Greece

900,000 €
2,117 € /m²
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  • Total area
    425 m²
  • Yield
    4.6 %
Details
Property parameters
  • Total rooms: 18
  • 7-floor building
Financial performance
  • Annual income: 42,000 €
Tenants
  • Fully let

Hotel with 18 rooms in the center of Athens.

Description

The hotel with a total area of ​​425 m² occupies a seven-story building:

  • basement with 2 utility rooms
  • ground floor with reception, lobby and office
  • 2nd floor with 4 rooms and utility room
  • 3d floor with 4 rooms and utility room
  • 4th floor with 4 rooms and utility room
  • 5th floor with 3 rooms and utility room
  • 6th floor with 2 rooms and utility room
  • 7th floor with 1 room and utility room

The building has 18 double rooms. All of them have a private bathroom.

The hotel is in excellent condition: the building has been completely renovated.

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

The annual income is 42,000 €.

The yield is 4.6%.

Tenants

The property is fully let.

Location

This building is located in the central part of the city of Athens, in Metaxourgio neighborhood, only 150 meters away from the metro station and 100 meters from the bus stop.

Metaxourgio is a neighborhood of Athens located northwest of the historical city center. The neighborhood is situated between Kolonos to the east and Kerameikos to the west, and north of Gazi. In the same breath, Metaxourgio borders with Plato’s Academy, Omonia, and Eleonas districts. It is frequently described as a transition neighborhood. The area extends north from Karaiskakis Square to St. Constantine Street.

It gained a reputation as one of the cultural centers of the Greek capital, thanks to the opening of several art galleries, theaters, modern fashionable hotels, restaurants, etc. In addition, the municipal authorities have launched the “Metaxourgio Square Reconstruction Program” so as to beautify and invigorate the neighborhood. The galleries, small theatres, and restaurants have helped create the atmosphere of artistic resurgence that now characterizes this neighborhood.

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