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Apartment with a yield of 8,5%, Athens, Greece

294,000 €
2,910 € /m²
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Total area: 101 m² 2 bedrooms 2 bathrooms
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Features
  • Yield: 8.5%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Internet
  • TV

Apartment for rent on the second floor.

Description

The area of the apartment is 101 m².

Interior

The apartment includes a living room with a sofa bed, two double bedrooms, two bathrooms, a kitchen. The bathroom features hydromassage shower.

Equipment

  • Wi-Fi
  • air conditioning system
  • equipped kitchen
  • TV
  • central heating or heater
  • hot water
  • 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

The projected yield of 8,50%.

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,400 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 the prestigious district of Koukaki.

There is a park, supermarkets, public transport stops, an art gallery, a pastry shop, cafes, restaurants, bars, a museum, a billiard club, the National Museum of Modern Art and a covered car park in a walking distance from the property.

The distance to Syggrou Fix station is 210 m, to the Phix Railway Station — 350 m, and to the Acropolis — 1.1 km.

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Enquire about this buy-to-let apartment
Inna Klimaeva
Inna Klimaeva
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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