| TRANSFER TAX | 3.09% | |
|---|---|---|
| OTHER FEES | |
|---|---|
| Land Registry Fees | 0.5% |
| Notary fees | 1.5% (+24% VAT) |
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Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m²
Environment
Description
Investment property for sale in the center of Rethymnon city. The property consists of 3 floors and the renovation was completed in January 2020! The property is immediately ready for rent as it is fully equipped with all the essentials needed to rent. Its uniqueness is that it has 2 all-new Jacuzzi indoor and outdoor on the 3rd floor terrace. The property consist of 120 sq.m of total surface and has a yield of: -5.75% to 70% occupancy. -7.2% with 80% occupancy. -8.1% with 90% occupancy.
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Interest Rate
€526 per month
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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%
- Covered area: 120 m²
- Covered area: 135 m²
- 5 rooms
- Covered area: 100 m²
- Covered area: 400 m²
- Covered area: 200 m²
- Covered area: 195 m²
- Covered area: 158 m²
- 6 rooms, 2 bath
- Covered area: 280 m²
- Covered area: 260 m²
Company Representativesin RussiaMoscow
+7 (495) 240-81-87
in SpainBarcelona, Marbella, Mallorca, Tenerife+34 (931) 720-189
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