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Apartment with the yield of 13.8%, Athens, Greece

60,000 €
1,153 € /m²
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Total area: 52 m²
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Features
  • Yield: 13.8%
  • Operating Incomе: 8,304 €
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%

The apartment for a short-term lease.

Description

The area of the apartment is 52 m².

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

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 13.8%.

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 Simis 18 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 is a bank, a park, 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 4.5 km away.

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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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    • Residence permit support
    • Mortgage rates from 3.5%