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Hotel for sale in Rethymno, Rethymnon, Greece

Hotel for sale in Rethymno, Rethymnon, Greece - photo 1
Hotel for sale in Rethymno, Rethymnon, Greece - photo 2
Hotel for sale in Rethymno, Rethymnon, Greece - photo 3
Hotel for sale in Rethymno, Rethymnon, Greece - photo 4
Hotel for sale in Rethymno, Rethymnon, Greece - photo 5
Hotel for sale in Rethymno, Rethymnon, Greece - photo 6
Hotel for sale in Rethymno, Rethymnon, Greece - photo 7
Hotel for sale in Rethymno, Rethymnon, Greece - photo 8
Price€450,000
TypeHotel
Land area308 m²
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Environment

Description

Investment property for sale in the heart of Rethymnon city! There is a ready-made project for 10 luxury suites!There is also a relevant financial study which claims that the property depreciates in less than 10 years as it yields 10.75% annually.

Extra Сosts when Buying Property

TRANSFER TAX3.09%
OTHER FEES
Land Registry Fees 0.5%
Notary fees 1.5% (+24% VAT)

Mortgage Calculator

Property Price
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Years
Interest Rate
777 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%
Company Representatives
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Moscow
+7 (495) 240-81-87
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
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