Hotel, Glyfada, Greece

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Hotel, Glyfada, Greece

13,500,000 €
4,821 € /m²
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  • Total area
    2,800 m²
  • Yield
    3.0%
  • Built in 
    1976
Details
Property parameters
  • Land area: 1,300 m²
  • Total rooms: 80
  • Number of parking lots: 45
  • Hotel rating: 3
  • 8-floor building
Property status
  • Most recent total renovation: 2003
Transaction costs
  • Broker: 2.0%
Features
  • Balcony or terrace
  • Internet
  • TV
  • Garden
  • Car parks
  • Concierge
  • Equipped with household appliances

Description

The 3-star hotel with an area of 2,800 m² consists of about 80 rooms with balconies or terraces.

Equipment: air conditioning, satellite TV, phone, mini fridge, hairdryer, safe, shower, heating, flat-screen TV, Wi-Fi.

There are 2 restaurants, 2 bars, a business center, conference rooms, a roof-top garden, a garage for 20 cars and a parking for 25 cars, a laundry, concierge service, a buffet, a basement of 400 m².

Partial renovation is needed.

Plot area — about 1,300 m².

Financial performance

The yield is 3%.

Tenants

Without operator.

Transaction costs

The brokerage fee is 2%.

Location and nearby infrastructure

The property is located in Glyfada, the southern suburb of Athens.

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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