Renovated apartments in a three-level residential building for rental business. The apartments will be in demand among middle-income tenants — Greeks and foreigners working in Athens.
The building was built in the art deco style, with high ceilings, beautiful entrance, staircase and stained-glass windows.
Two apartments on the ground floor have access to a courtyard with a garden, two apartments on the top floor have access to their own roof area with a garden and a seating area. One of the rooms on the upper floor has a decorative fireplace. All apartments will retain their original parquet floors and fine wood internal entrance doors.
The completion date of the renovation is May 2021.
Offer:
Studio apartment 43 m² on the ground floor for 79,417 euros. Annual income — 4,440 euros. The yield is 5.59%.
Three-bedroom apartment 99 m² with roof garden on the top floor for 201,280 euros. Annual income — 10,200 euros. The yield is 5.07%.
Costs include:
- transfer tax — 3.09%
- notary — 1.5% + VAT
- lawyer — 1.5% + VAT
- state fee — 0.7%
The house is located on a quiet, cozy street in the Kypseli area, Victoria metro station is a 7-minute walk away. Within walking distance from the house there are public transport stops, supermarkets, pharmacies, a hospital, public parking, a park and a cinema.
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.
