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Hotel for sale in Eretria, Euboea, Greece, 3800 m²

Hotel for sale in Eretria, Euboea, Greece, 3800 m² - photo 1
Hotel for sale in Eretria, Euboea, Greece, 3800 m² - photo 2
Hotel for sale in Eretria, Euboea, Greece, 3800 m² - photo 3
Price€1,700,000
TypeHotel
Covered area3800 m²
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Environment

Sale - Hotel 3800 m² on the Euboea island

For sale is a five-story hotel of 3.900 sq.m in the city of Eretria. The hotel consists of 69 rooms.On the ground floor there is a reception, store rooms and bathrooms.The second, third and fourth floors consist of 54 rooms, of which: 12 - triple rooms, 33 - double and 9 single.On the fifth floor there are 15 rooms, of which: 3 suites, 2 triple rooms, 7 double rooms and 3 single rooms. The property is located on one of the most central streets of the city of Eretria, 10 meters from the beach! The ancient Greek city of Eretria is on the southwestern coast of the island of Evia, the second largest island in Greece. Eretria is located close to the capital of the island - Chalkida. Not far from Eretria, in the sea is also located a small group of rocky islands. One of them, known as the "island of dreams", connects to the city with a miniature bridge. Between Eretria and the mainland there is a ferry service, which contributes to the development of tourist infrastructure in the region.

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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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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