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Rental property for sale in Athens, Greece, 540 m²

Rental property for sale in Athens, Greece, 540 m² - photo 1
Price€1,280,000
TypeRental property
Covered area540 m²
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Building in Psyrri Area in The Center of Athens

Building area – 540 sq.m.
Levels – 7

DESCRIPTION

The property is a self-contained building in the center of Athens, in the area of Psyrri. It can easily be converted into any commercial use, such as city Hotel, or apartments. It is located in the center of Psyrri, very close to the leisure, F&B and retail hubs of the city. It offers easy access through various mass transport means, as well as walking distance to major points of interest. It is located c. 150 meters from Monastiraki square and the Metro station, c. 350 meters from Thisio, Plaka, c. 700 meters from Panepistimio station & Omonoia Metro station, and very close to Ermou pedestrian Street, which is the main retail high street of Athens. It is also very close to all sites of archaeological interest and 400 meters from the Acropolis.

Ground floor – 90 sq.m.
1st – 3d floors – 88 sq.m.
4th floor – 78 sq.m.
5th floor – 65 sq.m.
6th floor – 45 sq.m.

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%
Jane
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