- 27,285,000 €
- 4.7% yield
- Athens Hotel 12,000,000 €
- Basic parameters
- Photo
№ 1,824,087
Hotel 4,200 m² in Athens
12,000,000 €
2,857 € /m²
- Room stock 93
- Yield —
- Constructed —
- Price per key 129,032 €
Key project parameters
- Total area
- 4,200 m²
- Land area
- 600 m²
- Room stock
- 93
- Floors
- 6
- Price per key
- 129,032 €
Project description
Old residential building for renovation, which can be redeveloped into a hotel (currently there is no management or lease agreement with a hotel operator) or a residential complex. The building has prime location in the city center of Athens.
Description
Building permit is received – for hotel or apartment building. The expected redevelopment period is 12 months.
The building has 6 floors with a total area of 4,200 m² and includes 93 hotel rooms (or apartments) and retail premises on the ground floor of 400 m².
Tenants
- Agreement
- n/a
Transaction costs
Buy-side brokerage fee is 2%.
Location and nearby infrastructure
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.
More properties
If this ad doesn't suit you, have a look at the other hotels for sale in Athens.
All ads in the country: hotels for sale in Greece.
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
Top 3 commercial properties of October
- 2,390,000 €
- 6.4% yield
- 2,280,000 €
- 5.0% yield
Similar listings
We select ads that may interest you.