Commercial property 650 m² in Athens, Greece

There is provided for sale a 3storey building that is located in Glyfada, the southern business district of the capital. Glyfada is one of the most modern and well-equipped southern suburbs of Athens. Its area is 15 kilometers from the Greek capital Athens and stretches from the foot of the mountains to the coast Gimetus Saronic Gulf. For years, Glyfada was considered to be the business center of this region of Greece, thanks to its convenient location relative to the water and a rich commercial potential. The second and third floors are rented and take profit of 1600 euro a month. Our experts have estimated an annual profitability rate on that particular project in the proximity of5,27%from its lease. For the sake of highest possible accuracy in our calculations, we have taken into account the costs of acquisition as well as registration processes of the property in addition to legal costs and tax induced on the transfer of the property. Finally, the cost of obtaining an averageguaranteedrentof 1.600eurosper month has also been deducted.