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Business for sale in Agios Stefanos, Athens, Greece - photo 1

Business for sale in Agios Stefanos, Athens, Greece

ID: 248447
Price€1,650,000
TypeBusiness
Qualify for Residence Permit
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Environment

Sale - Business in Athens

For sale a two-story commercial building with a total area of 650 sq.m. in the area of St. Stephen.

The building was built in 2005 according to the latest technologies and with the use of high-quality materials.

Analytically:

On the ground floor:

a commercial space A with an area of 220 sq.m.

a commercial space B with an area of 265 sq.m.

On the second floor:

a commercial space A with an area of 124 sq.m.

a commercial space B with an area of 115 sq. m.

o The total area of the veranda is 260 sq.m.

o Ground floor veranda of 80 sq.m.

o The basement of 640 sq.m.

o Heating and cooling system

The building is for commercial purposes, it is possible to rent the spaces separately or to rent the entire building.

Acquiring this property will bring the landlord stable, high annual income.

Extra Сosts when Buying Property

TRANSFER TAX
If the Building Licence was issued on or after 01/01/06 and the seller is a developer-contractor 24%
Otherwise 3.09%
OTHER FEES
Land Registry Fees 0.5% (+24% VAT)
Notary fees 1.5% (+24% VAT)

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Ongoing Ownership Costs

Water supply €60-250 p.a.
Heating €0.104 KW/h
Electricity €0.07 KW/h
Gas €140-400 p.a.
Telephone and Internet €180-600 p.a.
Expenditure on common areas €200-400 p.a.
Income tax return from €50 p.a.
SINGLE REAL ESTATE PROPERTY TAX (PRINCIPLE
For buildings €2-13€/m2 p.a.
For plots of land in settlements 3-9€/1000 m2 p.a.
For plots of land outside settlements 1€/1000 m2 p.a.
REAL ESTATE PROPERTY TAX (ADDITIONAL)
Price from 200,000 0.1%
Price from 250,000 0.15%
Price 300,000-400,000 0.3%
And so on

Additional Services Costs

Legal fee 1.5% (+24% VAT)
Real Estate Agent Fee 2% (+24% VAT)

Return on Investment

Property Price
Rental Cost
0%
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