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Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m²

Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 1
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 2
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 3
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 4
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 5
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 6
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 7
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 8
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 9
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 10
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 11
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 12
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 13
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 14
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 15
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 16
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 17
Commercial property for sale in Rethymno, Rethymnon, Greece, 120 m² - photo 18
Price€305,000
TypeCommercial property
Covered area120 m²
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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.

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%
Company Representatives
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