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Two buy-to-let apartments with a yield 3% in the area of Agios Panteleimonas, Athens, Greece

276,000 €
2,190 € /m²
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  • Total area
    126 m²
Details
Property parameters
  • 7-floor building
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%

Renovated apartments in a seven-level residential building for a rental business.

The apartments have kitchens. At the request of the investor, we can furnish and decorate the apartment. The amount of additional payment will be about 5–10 thousand euros, depending on the area. Each apartment comes with small storage room (5–8 m²) in the basement of the house.

The apartments are suitable for couples with an average budget, working in the center, in the hotel business. There are hotels nearby (Centrotel Hotel, Novotel Athens, Athens Iris Hotel, Radisson Blu Park Hotel Athens, etc.), cafes and restaurants (Bulgaria Restaurant, MIRONI Greek Restaurant, ABC Indian Restaurant, etc.).

The completion date of the renovation is August 2021.

Financial performance

The local Tranio team will help you rent the apartments and organize the management of the property.

You can purchase property remotely.

Transaction costs

Costs include:

  • transfer tax — 3.09%
  • notary — 1.5% + VAT
  • lawyer — 1.5% + VAT
  • state fee — 0.7%

Location

Agios Panteleimonas is a district of Athens, formed around the church of St. Panteleimon. It is placed between the Kato Patisia and Kypseli districts. Here located the National Archaeological Museum of Athens.

House is in the immediate vicinity of St. Panteleimon square, where is located the largest Orthodox church in Athens and one of the largest Orthodox churches in Greece — the Church of St. Panteleimon.

Near the property there are also supermarkets and shops, public transport stops, a bank, car rental and public parking.

The convenient location and accessibility of public transport allow you to quickly reach all areas of the city, including the central — Plaka, Monastiraki (15–20 minutes), where shops, cafes and restaurants and the city's attractions are concentrated.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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