- 27,285,000 €
- 4.7% yield
- Athens Hotel 1,250,000 €
- Basic parameters
- Photo
№ 1,828,369
Hotel 500 m² in Athens
1,250,000 €
2,500 € /m²
- Room stock 9
- Yield —
- Constructed —
- Price per key 138,888 €
Key project parameters
- Total area
- 500 m²
- Room stock
- 9
- Floors
- 2
- Price per key
- 138,888 €
Project description
The project of renovation of a historic building into a hotel.
Description
The building consists of two floors + roof garden.
The hotel will include 9 rooms and a restaurant.
The completion date is 8 months.
Extra information
Garden
Tenants
- Agreement
- n/a
Financial performance
Price of the property before renovation: 750,000 €.
Necessary investments (cost of works and materials for the completion of construction): 500,000 €.
Total: € 1,250,000.
The expected annual income is 310,000 €.
* The income from the restaurant is not included.
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.
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- 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
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