Apartment on the 2nd floor with a long-term lease agreement expiring in June 2021.
Newly renovated apartment of 87 m² with two balconies.
The flat consists of an entrance hall, a kitchen, a living room, two bedrooms and two bathrooms.
- equipped kitchen
- double glazing
- air conditioning
- no need to do repairs and wait, the income starts coming right away
- working rental business
Absolute annual income is 8,400 €.
The current yield of 5,0%.
Notary — 1,5%.
Acquisition tax is 3,09%.
Legal services — 1.5% + 24% VAT.
Location and nearby objects
The apartment is located a 10-minute walk from a metro station, in the area of Pangrati, one of the safest districts of Athens. The gates of the area are the extended stadium Panathinaikos, built for the first modern Olympic Games in 1896. Here you can find small public gardens, busy roads, and ordinary residential streets. In addition to the common for Athens 4–6 floor-buildings, in Pangrati you can also find the authentic taverns and the eccentric modern bars.