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Office building for sale in Athens, Greece, 676 m²

Office building for sale in Athens, Greece, 676 m² - photo 1
Office building for sale in Athens, Greece, 676 m² - photo 2
Office building for sale in Athens, Greece, 676 m² - photo 3
Office building for sale in Athens, Greece, 676 m² - photo 4
Office building for sale in Athens, Greece, 676 m² - photo 5
Office building for sale in Athens, Greece, 676 m² - photo 6
Office building for sale in Athens, Greece, 676 m² - photo 7
Office building for sale in Athens, Greece, 676 m² - photo 8
Office building for sale in Athens, Greece, 676 m² - photo 9
Office building for sale in Athens, Greece, 676 m² - photo 10
Office building for sale in Athens, Greece, 676 m² - photo 11
Price€889,000
TypeOffice building
Covered area676 m²
Land area408 m²
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Description

Modern office building located in the area of Metamorfosi, in the North-East of Athens. Area 676 sq. m, plot area 408 sq. m. The building consists of: 187m2 basement, ground floor 117m2, 1st floor 121m2, 2nd floor 131m2 and 3rd floor 120m2. In a modern cable network, Autonomous cooling-heating, marble floors, well-appointed offices, dining room, open Parking spaces, ramp to basement, convenient Parking. Perfect property for a stable long-term investment at a bargain price. Tenant: a Greek-American company, working 19 years in real estate, it is very stable in the rent The yield is about 7%. The term of the contract: 1 year with renewal every year. The rent increases annually: 5%

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%
Helga
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