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100 000 €
100 000 €
| Sale price | 100 000 € |
| Price per square meter | 3 846.15 € |
| Floor area | 26 m² |
| Floor | 4 |
| Number of storeys | 4 |
| Total number of rooms | 1 |
| The property can be rented out |
| Address | Greece, Athens |
| Location | within the city |
| Type | Single-room Apartment |
The service apartment project is a renovation in the Dafni area, Athens. The project consists of 57 studios ranging from 16 to 27 square meters, located on three standard floors, with 19 apartments on each floor. The proximity of universities and business life ensures 100% occupancy for the entire period of the contract.
The sale price for all apartments is set at 100,000 euros. This price is due to the fact that each apartment is rented to the company "The Raise Project" at a price of 550 euros per month with an increase of 3% every three years. This particular lease agreement provides us with a unique yield of 6.6%, which is an outstanding indicator for the Greek market.
Based on this profitability and the continued price growth in the real estate market, after the completion of the project in January 2025, there is an opportunity to resell your property at a price of 130,000 euros.
