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Hotel for sale in Elliniko, Athens, Greece, 915 m² - photo 1
Hotel for sale in Elliniko, Athens, Greece, 915 m² - photo 2
Hotel for sale in Elliniko, Athens, Greece, 915 m² - photo 3
Hotel for sale in Elliniko, Athens, Greece, 915 m² - photo 4
Hotel for sale in Elliniko, Athens, Greece, 915 m² - photo 5

Hotel for sale in Elliniko, Athens, Greece, 915 m²

ID: 246250
Price€1,160,000
TypeHotel
Covered area915 m²
Qualify for Residence Permit
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Environment

Sale - Hotel 915 m² in Athens

Special offer from  Grekodom Development company 

The building will be reconstructed and the project will change its designation to the apartments

The project will be accompanied and guaranteed before its completion by turnkey company Grekodom Development

The building will consist of 17 apartments and 3 commercial premises, from 21 sq.m to 45 sq.m each, according to the calculated estimate of the floor key

It is an investment object as it can give to its owner  stable and high income from the rents

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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Interest Rate
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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%
Paula
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