Apartment with a yield of 4.8%, Athens, Greece

Additional information is provided after the signing of an NDA

Apartment with a yield of 4.8%, Athens, Greece

210,000 €
3,134 € /m²
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Total area: 67 m²
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Features
  • Yield: 4.8%
  • Operating Incomе: 10,000 €
  • Occupancy: 100%
  • End of lease: 2021
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Broker: 5.0%
  • Furnished
  • Garden

Office apartment on the semi-basement floor in Athens.

Description

An apartment with 2 bedrooms en-suite bathrooms is rented as an office.

The deadline for the repair and installation of furniture — the end of October 2018.

The furniture is made to order, the kitchen — Franke.

Financial performance

The absolute annual income is 10,000 €.

The current yield of 4,8%.

Tenants

The lease agreement is valid until September 2021.

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

Brokerage fee — 5%.

Location

The property is located in a prestigious area in the center of Athens, near the former royal residence, the national garden and the current parliament. 

There are shops, supermarkets, cafes, banks, hospitals, museums, art galleries, a hairdresser, and a cultural center in a walking distance.

The nearest bus stop is in 100 meters away, the metro station is about 500 meters away.

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Elena Chernyshyeva
Elena Chernyshyeva
Real Estate Expert Tranio in Athens
+44 17 4822 0039
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