Commercial property 110 m² in Municipality of Agioi Anargyroi-Kamatero, Greece

There is provided for sale a piece of real estate 110 sq.m. in the eastern Athens (Municipality Peristeri). Currenty the unit is rented and is used as a cafe. There is also an opportunity to obtain 3-leveled building (cost 850.000 euro). On the second and third floors there are two appartments of 120 sq.m. and 110 sq.m. Each appartment consists of 3 bedrooms, hall with kitchen and shower room. The proposedinvestment projectprovides an opportunityto earn incomein the amount of2,17%per annum of thelease.When calculating theprofitabilitywerefully taken into accountall the costs ofthe acquisition andregistration of real estate(includinglegal costsandtax on transferof property),as well as obtainingthe averagecostof rentin the amount of600 euro.