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Hotel for sale in Athens, Greece, 425 m²

Hotel for sale in Athens, Greece, 425 m² - photo 1
Hotel for sale in Athens, Greece, 425 m² - photo 2
Hotel for sale in Athens, Greece, 425 m² - photo 3
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Hotel for sale in Athens, Greece, 425 m² - photo 5
Hotel for sale in Athens, Greece, 425 m² - photo 6
Hotel for sale in Athens, Greece, 425 m² - photo 7
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Hotel for sale in Athens, Greece, 425 m² - photo 9
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Hotel for sale in Athens, Greece, 425 m² - photo 12
Hotel for sale in Athens, Greece, 425 m² - photo 13
Hotel for sale in Athens, Greece, 425 m² - photo 14
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Price€850,000
TypeHotel
Covered area425 m²
Beds36
Rooms18
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For sale hotel 425 m2

For sale invest property - hotel 18 rooms of total 425 m2

Consists of:
• basement- 2 storerooms
• ground floor- reception - living room and office with WC
• 1 floor- 4 rooms with one shower WC each and a storeroom
• 2 floor- 4 rooms with one shower WC each and a storeroom
• 3 floor- 4 rooms with one shower WC each and a storeroom
• 4 floor- 3 rooms with one shower WC each and a storeroom
• 5 floor- 2 rooms with one shower WC each and a storeroom
• 6 floor- 1 room with one shower WC

The hotel is very close to public transport such metro station at 150 meters and bus station 100 meters.
The rooms are comfortable and can accommodate 2 people.
The building has been completely renovated with luxurious furnished and decorated.
The average annual occupancy is over 80%.

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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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%
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