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Apartment with 8.5% yield, Vouliagmeni, Greece

250,000 €
3,125 € /m²
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Total area: 80 m² 2 bedrooms 1 bathroom
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Features
  • Yield: 8.5%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Total rooms: 3
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

Apartment for rent on the ground floor.

Description

The area of the apartment is 80 m².

Interior

The apartment includes a living room with a sofa bed, two bedrooms, a bathroom, a kitchen.

Equipment

  • Wi-Fi
  • air conditioning system
  • equipped kitchen
  • TV

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 8.5%.

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

Vouliagmeni is one of the most expensive and prestigious resorts not only of Attica but of all Greece. It is located in 25 km to the south of the center of Athens on the shore of the Sardonian Gulf.

The town boasts not only the sea coast, but also the thermal waters of Lake Vouliagmeni. The main destination of the resort is medical tourism on the shore of the lake.

There are several sandy beaches, both paid and free, in the town, as well as expensive restaurants and traditional taverns, clubs, sports centers.

Sights: stalagmite caves, the Temple of Apollo, the monastery of St. Potapius and the ancient lighthouse which is located nearby. There is the temple of Poseidon in a few-minute drive from the town. 

Athens can be reached by bus. 

There is a bus stop, supermarkets, a park, a pharmacy, a cafe not far from the apartment.

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 Vouliagmeni
+44 20 3608 1267
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