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Rental property for sale in Athens, Greece, 1480 m²

Rental property for sale in Athens, Greece, 1480 m² - photo 1
Price€1,880,000
TypeRental property
Covered area1480 m²
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Building in Omonoia in The Center of Athens

Building area – 1480 sq.m.
Floors – 9

DESCRIPTION

The property is located in the center of Athens, close to Omonoia square and Aiolou street which is pedestrianized and attracts many popular leisure, F&B and retail stores. This part of the city is easy accessed through various means of public transport. It is also within walking distance from major points of interest. It offers easy access through various mass transport means, as well as walking distance from major points of interest. It is located c. 100m from “Omonoia” Metro station, c. 700m from “Panepistimio” Metro station, c. 1.2 km from “Syntagma” Square and very close to Ermou which is the main retail high street of Athens. The historic parts of Monastiraki areas and Plaka are also within a reasonable distance. The property is a self-contained commercial building in the center of Athens. It is arranged with office suites on the upper floors and retail stores on the ground floor level. It is currently partly let but tenants could move in short notice. The property can easily be converted into any commercial use, such as City Hotel, extended stay apartments or offices.

Ground floor with mezzanine – 100 sq.m. + 153 sq.m.
1st – 8th – 153 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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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%
Jane
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