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Commercial property for sale in Athens, Greece, 918 m²

Commercial property for sale in Athens, Greece, 918 m² - photo 1
Commercial property for sale in Athens, Greece, 918 m² - photo 2
Price€900,000
TypeCommercial property
Year built1970
Covered area918 m²
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Environment

For sale 6-storey building 918 m2

Athens-Metaxourgeio, building for sale with a total area of 918 m2 . The building is in need of full renovation, after a potential reconstruction, could be returned to a boutique hotel of 16 suites rooms.
6-Storey building: consists of basement, ground floor 1st, 2nd, 3rd, 4th, 5th, and 6th floor, has an elevator and is located near Metro Station. Year of construction 1970.

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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