- 27,285,000 €
- 4.7% yield
- Glyfada Hotel 13,500,000 €
- Basic parameters
- Photo
№ 2,304,767
Hotel 2,800 m² in Glyfada
13,500,000 €
4,821 € /m²
- Room stock 80
- Yield 3.0%
- Constructed 1976
- Price per key 168,750 €
Key project parameters
- Total area
- 2,800 m²
- Land area
- 1,300 m²
- Room stock
- 80
- Number of parking lots
- 45
- Hotel rating
- 3
- Floors
- 8
- Price per key
- 168,750 €
- Constructed
- 1976
Project description
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.
Extra information
Equipped with household appliances
Garden
Car parks
Concierge
Balcony or terrace
Internet
TV
Tenants
- Agreement
- n/a
Without operator.
Financial performance
- Yield
- 3.0%
The yield is 3%.
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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- 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
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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
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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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