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Package of 5 apartments by the sea in an elite complex, Pylos, Peloponnese, Greece

4,950,000 €
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Details
Property parameters
  • 2-floor building
Financial performance
  • Annual income: 161,000 €

There are 5 fully furnished, income generating 2-bedroom apartments for sale in a separate block within the holiday complex.

  • 3 apartments with pool and beach views on the ground floor
  • 2 apartments with beach views on the top floor

All apartments consist of two bedrooms with en suite bathrooms, a

living/dining room, a guest bathroom and spacious covered verandas.

Owners can choose one of the following use programs (for each apartment):

  • 8 weeks a year excluding high season
  • 4 weeks a year, of which 2 weeks in high season

You can get a discount of € 350,000, when signing a booking agreement before mid-August 2021.

Financial performance

Fixed rental period — 9 years.

Fixed annual rental income: € 161,000 excluding pre-tax expenses for the first 5 or 9 years.

Variable lease: Beginning with the 10th anniversary of the signing of the lease, the landlord will be paid a variable rent equal to 50% of the net rental income annually.

Rental and use income in 2021 is proportional to the date the agreement was signed.

Location and nearby infrastructure

The block of apartments is located in the first row on the beach, just 50 meters from the sea, within walking distance from all infrastructure facilities.

Easy access to Kalamata International Airport (45 km) with direct flights from over 30 major European cities. Easy access to Pylos Marina. 270 km from Athens.

More properties

If this ad doesn't suit you, have a look at the other block of flats for sale in Peloponnese.

All ads in the country: block of flats for sale in Greece.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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