Buildings with Yield-1

Neoclassical Building in the historic center of Athens

 

A beautiful neoclassical listed building located on the prime Athens historical centre is available for sale.


The property is 900 m2 over 5 levels, with a big 13-meter long facade, with an imposing 7.5- meter height, a 233 m2 ground floor shop with a 45 m2 mezzanine and a 233 m2 lower ground floor area that can be developed in any commercial or restaurant business.

 

The two upper levels, the 1st floor of 232 m2 and  the second floor of 130 m2 can be developed as a high-end office space, or 6 units of hotel  apartments.

 

This particular building is one of the most beautiful properties in the area and can be connected to the adjacent 27 Mitropoleos street building.
 

Income capabilities:

 

-Ground floor-mezzanine-lower ground floor of total 511 m2

12.000/month. 144.000 per year.


-   The 1st and 2nd floor of a total of 362m2.

7000/month as renovated offices. 

84.000 Euros per year.


- The 1st and 2nd as a 6 unit hotel apartments.

200.000 Euros per year. 

Net before tax at 120.000 Euros


Total annual return as commercial shop-offices:

228.000 Euros.


Total annual return for commercial use - hotel apartment: 348.000 Euros.


Price: 2.700.000 Euros

Yield: 12,8%

Tо ѕеnd uѕ аn іnԛuіrу fоr thіѕ property click HERE 

 

Dо уоu like this property? Rесоmmеnd іt tо уоur frіеndѕ! 

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