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Rental property for sale in Cephalonia, Greece, 570 m²

Rental property for sale in Cephalonia, Greece, 570 m² - photo 1
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Price€1,880,000
TypeRental property
Covered area570 m²
Land area2820 m²
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Property for sale in Kefalonia, Ionian Islands, Greece

This property has an exceptional position with stunning views to Argostoli, lagoon (Koutavos), mountain Enos and St. Georges Castle which can be enjoyed from the big verandas and balconies.

The 2,820m2 plot is surrounded by great stone walls and separated in 3 levels giving a luxurious character to the property. From the swimming pool you can cherish the great view or enjoy the view by the pool bar.

The building is an apartment complex with a multipurpose character as it can easily change to a mansion, or to three apartments, (1 each level) or it can be used as it is with small apartments, for all year rentals, or for summer holiday guests. Ideal for big families or for income!

Ground floor : 78m2 (2 bedroom apartment)+ 47,7m2 ( 1 bedroom apartment)+ 58,97m2 +( 1 one bedroom apartment) + 35,10m2 (storage room) + 4,41m2 (storage room) + 28,08m2 (water tank) = 252,26m2

1st Foor : 3 x 40m2 (3 x one bedroom apartment) = 120m2

2nd floor : Studio 35m2 + 170m2 maisonette apartment with open plan kitchen, dining, living room, laundry room and wc and in the attic 3 bedrooms (one en suite) two bathrooms and storage place = 205m2

Total 8 apartments. Building size: 570m2

Although so near to Argostoli (only 5 minutes’ drive) you can have your tranquility and isolation to enjoy the silence whenever you want.

Since 2003 there has been a renovation in 2015 and running a business as a successful apart-hotel.

Advantages

· Great views to the lagoon, Argostoli and mountain Enos.
· 5 minutes drive to town or to the nearest beach or to the airport
· Short and mild winter.
· Great for holidays.
· Great for big families.
· Great for small business.
· Huge balconies & terraces & lovely swimming pool with pool bar.
· Double glazed doors & windows.
· Huge stone walls surrounding the plot.
· Bbq
· Autonomus heating with oil

Although so close to Argostoli you can have your tranquility and isolation to enjoy the silence whenever you want.

Furniture is included.

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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