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Commercial property for sale in Athens, Greece, 637 m²

Commercial property for sale in Athens, Greece, 637 m² - photo 1
Commercial property for sale in Athens, Greece, 637 m² - photo 2
Commercial property for sale in Athens, Greece, 637 m² - photo 3
Price€600,000
TypeCommercial property
Year built1970
Covered area637 m²
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For sale 5-storey building 637 m2

Athens - Metaxourgio, building for sale with a total area of 637 m2
Building Condition: needs full renovation and has the ability and specifications to become 12 apartments. Year of construction: 1970.
Features: Investment, consists of basement, ground floor 1st, 2nd, 3rd, 4th, and 5th floor, has an elevator and is located near Metro Station.

Extra Сosts when Buying Property

TRANSFER TAX3.09%
OTHER FEES
Land Registry Fees 0.5%
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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