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Spacious penthouse with two balconies overlooking Acropolis, with 11,1% yield, Athens, Greece

315,000 €
2,250 € /m²
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Total area: 140 m² 4 bedrooms 2 bathrooms
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Features
  • Yield: 11.1%
  • Operating Incomе: 35,000 €
  • 5 floor
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Total rooms: 5
  • Balcony or terrace
  • Internet
  • TV

Modern apartment for rent in the city center.

Description

The apartment of 140 m² with two balconies on the fourth floor of the building with a lift.

Interior

The apartment includes a living room with a fireplace, a kitchen, four bedrooms and two bathrooms.

Equipment

  • equipped kitchen
  • TV
  • wireless Internet
  • air conditioning

Advantages

  • professional management company
  • no need to do repairs and wait, the income starts coming right away
  • working rental business
  • airbnb revenue data provided by request

Financial performance

Projected annual income is 35,000 €.

The projected yield of 11.1%. 

Transaction costs

Notary — 1,2%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are is 2,500 €.

The management company fee is 25% of the annual rental revenue and includes the airbnb commission.

Location and nearby objects

The property is located in 80 meters from Neos Kosmos metro station. This is a quiet and safe area near the Acropolis.

ATMs, a restaurant, coffee shops and supermarket are within walking distance from the building.

Supermarkets
Schools
Cafe and restaurants
Hospitals
Airports
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We can help you get a Gold Visa (permit without tax residence) when buying a property worth €250,000 or more.

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Enquire about this buy-to-let apartment
Ekaterina Macyuk
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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