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Newly renovated apartment with a yield of 6.6%, Athens, Greece.

273,000 €
5,055 € /m²
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Total area: 54 m² 1 bedroom 1 bathroom
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Features
  • Yield: 6.6%
  • Operating Incomе: 18,000 €
  • 7 floor
  • Occupancy: 100%
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Total rooms: 1
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

The apartment on the top floor with a terrace.

Description

Spacious apartment of 54 m².

Equipment

  • Wi-Fi
  • elevator
  • central heating system
  • TV
  • air conditioning system
  • iron

Interior

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

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 absolute annual income is 18,000 €.

Current yield is 6.6%.

Transaction costs

Notary — 1,2%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,200 euros.

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

Location and nearby objects

The apartment is located next to the ancient stadium ”Kallimarmaro“.

There are Syntagma and Plaka nearby.

The Acropolis Museum is situated in a 10-minute walk from the property.

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Enquire about this buy-to-let apartment
Inna Klimaeva
Inna Klimaeva
Real Estate Expert Tranio in Athens
+44 17 4822 0039
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