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Penthouse with a panoramic view of the Acropolis and a yield of 7.5%, Athens, Greece

200,000 €
2,631 € /m²
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Total area: 76 m² 1 bedroom 1 bathroom
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Features
  • Yield: 7.5%
  • Operating Incomе: 15,000 €
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

Apartment for rent.

Description

Apartment of 76 m² with a private terrace of 70 m² on the 6th floor.

Interior

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

Equipment

  • equipped kitchen
  • wireless Internet
  • elevator

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 15,000 €.

The current yield of 7.5%. 

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 property is located in Kukaki. This is a developing residential area in a 10-minute walk from the Acropolis. It is named by Airbnb as one of the 7 most promising areas in the world for short-term leases; new bars, restaurants and shops are being actively opened here.

The apartment is situated in a walking distance from the park, supermarkets, public transport and has the view of Athens, the Acropolis and Likabetut hill.

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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    • Mortgage rates from 3.5%