All 5 photo

Investment project with the yield of 16.6%, Athens, Greece

50,000 €
980 € /m²
Send a request
Total area: 51 m²
Send a request
Features
  • Yield: 16.6%
  • Operating Incomе: 8,304 €
  • 1 floor
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%

Direct Tranio product.

The essence of the project is the purchase and renovation of the apartment for a short-term lease.

Description

The area of the apartment is 51 m².

The apartment is located on the ground floor of the building and includes a living room, a kitchen, and a bathroom.

The cost of repairs is included in the price of the apartment.

Benefits 

The Possibility to obtain a residence permit for a group of investors and their families (spouses, their parents, and children) for the whole period of their tenure when buying one or more properties worth more than 250 thousand euros. 

Turnkey project — complete transaction support, consulting, professional management of the rental business.

Financial performance

With an average occupancy rate of 65% and an average daily rent of 35 €, the projected annual income is 8,304 €.

The projected yield of 16.6%.

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

According to preliminary calculations, the annual utility payments are 1,300 euros.

The cost of the management company services is 25% of the annual rental revenue.

Location and nearby objects

The property is located on a quiet street Niovis 39–41 in the center of Athens in close proximity to the Agios Nikolaos metro station. In this area, there are many shops, restaurants, and cafes. 

There are shopping centers, a supermarket, a parking and public transport stops in a walking distance from the building.

The nearest metro station Agios Nikolaos is 350 meters away, and the Acropolis is 4 km away.

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.

Similar listings

We select ads that may interest you.

Enquire about this buy-to-let apartment
Inna Klimaeva
Real Estate Expert Tranio in Athens
+44 20 3608 1267
Send a request
    When you submit a request, you agree to our terms and conditions
    • Residence permit support
    • Mortgage rates from 3.5%