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Apartment with 9.5% yield, Mykonos, Greece

263,000 €
5,057 € /m²
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Total area: 52 m² 1 bedroom 1 bathroom
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Features
  • Yield: 9.5%
  • Operating Incomе: 25,000 €
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Internet
  • TV
  • Furnished
  • Car parks
  • Sea view

Apartment for rent.

Description

The apartment is located on the ground floor and has recently been renovated.

Interior

The apartment has a bedroom, a living room, a kitchen and a bathroom.

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

Absolute annual income is 25,000 €.

The current yield of 9.5%. 

Transaction costs

Notary — 1,2%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,000 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 Mykonos, the one of the most famous islands in Greece, in a walking distance from the beach. A lot of shops, cafes, restaurants and ATMs are situated not far from the property.

Public transport and taxis are available throughout the island, allowing easy access to any area.

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Enquire about this buy-to-let apartment
Tamara Dosugova
Tamara Dosugova
Real Estate Expert Tranio in Ornos
+44 20 3608 1267
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