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Apartment with a yield of 5,0%, Athens, Attica, Greece

168,000 €
1,931 € /m²
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Total area: 87 m² 2 bedrooms 2 bathrooms
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Features
  • Yield: 5.0%
  • Operating Incomе: 8,400 €
  • Built in 1969
  • Occupancy: 100%
  • Leasable area: 87 m²
  • End of lease: 2021
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Total rooms: 3
  • Balcony or terrace

Apartment on the 2nd floor with a long-term lease agreement expiring in June 2021.

Description

Newly renovated apartment of 87 m² with two balconies.

Interior

The flat consists of an entrance hall, a kitchen, a living room, two bedrooms and two bathrooms.

Equipment

  • equipped kitchen
  • double glazing
  • air conditioning

Advantages

  • no need to do repairs and wait, the income starts coming right away
  • working rental business

Financial performance

Absolute annual income is 8,400 €.

The current yield of 5,0%.

Transaction costs

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.

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Ekaterina Matsyuk
Ekaterina Matsyuk
Real Estate Expert Tranio in Athens
+44 17 4822 0039
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