Property for sale Central Athens, Greece
Asking price of GBP £900,000
Ref: 740-536-213
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Investment Opportunity In Central Athens Greece.
A substantial building offering an outstanding investment opportunity
Comprising 4 apartments/ business units situated in the district of Kato Patisia, is offered for sale freehold. This property is located in central Athens. It has the added advantage of generating a healthy rental income set to continue for years ahead. This property would make an ideal purchase for an overseas property investor wishing to buy into the Greek housing market.
Property Description
A building currently comprising 4 apartments/ business units situated in the district of Kato Patisia, is offered for sale freehold. The first floor has two apartments and the second floor two apartments with a total of 260 sq.metres floor space. There is a potential to extend upwards giving a further 470 sq.metres floor space or an additional 7 apartments.
Location
Ideally situated with good communication links to the National Road(200m.), Metro Station(200m.) and Public Transport Facilities(60m), this property would be ideal for office use, banking,medical centre, etc. or living accomodation.
Business Opportunity
Currently fully occupied, the rental yield is 1830euros/month with a contract until 2013 allowing a 6% increase in rent p.a.
The building was totally rebuilt in 2000 and is totally debt-free and available for immediate sale
Asking Price
£900,000 (approx 1.22million euros at 1.36euros/£ subject to currency fluctuations).
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