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Loft-penthouse with a view of the Acropolis and the yield of 12%, Athens, Greece

294,000 €
4,983 € /m²
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Total area: 59 m² 1 bedroom 1 bathroom
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Features
  • Yield: 12.0%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Total rooms: 1
  • Balcony or terrace
  • Internet
  • TV

Apartment for rent on the fifth floor.

Description

The area of the property is 59 m². 

The apartment is suitable for 2 people.

Interior

A loft-style open-plan penthouse includes a living room with a sofa and a double bed, a kitchen, a bathroom and a balcony.

From the windows of the apartment there is a panoramic view of the Acropolis.

Equipment

  • elevator
  • 24-hour Wi-Fi
  • central heating or heater
  • TV
  • air conditioning system

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 12%.

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 900 euros.

The management company fee is 25% of the annual rental revenue and includes the airbnb commission.

Location

The apartment is located in the Neos Kosmos area, next to the historic center of Athens. 

There are supermarkets, public transport stops, cafes and restaurants, public parking in a walking distance from the property.

The distance to the Siggrou-Fix metro station is 450 meters, and to the Acropolis — 1.5 km.

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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Vitaly Fedjanin
Vitaly Fedjanin
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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