Direct Tranio product.
The essence of the project is the purchase and renovation of the apartment for a short-term lease.
The area of the apartment is 58 m².
The apartment is located on the second 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.
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.
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 16.0%.
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.