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Newly renovated apartments with a yield of 8.6%, Athens, Greece.

210,000 €
3,684 € /m²
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Total area: 57 m² 1 bedroom 1 bathroom
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Features
  • Yield: 8.6%
  • Operating Incomе: 18,000 €
  • 1 floor
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Total rooms: 2
  • Internet
  • TV

Spacious apartment of 57 m² on the ground floor.

Interior

The apartments include a kitchen, a living room, a bedroom and a bathroom.

Equipment

  • central heating system or electric heater
  • cable TV
  • air conditioning system
  • Wi-Fi
  • hot water
  • fire alarm

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

The projected annual income is 18,000 euros.

The projected yield is 8.6%.

Transaction costs

Notary — 1,2%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,700 euros.

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

Location and nearby objects

The apartment is located in Koukaki, a residential area in 10 minute walk from the Acropolis and the Plaka area, as well as from other important attractions such as Syntagma Square, Temple of the Olympian Zeus and Monastiraki Market.

Kukaki is one of the seven most promising regions in the world for short-term leases.

Nearby there are the metro, tram and bus stations, ATMs, restaurants, cafes, supermarkets.

We can help you get a Gold Visa (permit without tax residence) when buying a property worth €250,000 or more.

More properties

If this property wasn’t for you, take a look at other buy-to-let apartments for sale in Greece.

You can see more buy-to-let apartments for sale in Athens elsewhere on our website.

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Ekaterina Matsyuk
Ekaterina Matsyuk
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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