View Full Version : Redevelopment Porject in Athens

06-26-2018, 09:09 AM
Kodratou 15 is a building 500 m2 in the centre of Athens, 100 metres from the metro station Metaxourgio, 2,2 km from Acropolis. It's a popular investment opportunity because Greece economy is rising steadily.

The project's main figures:
750,000 the costs of acquisition and renovation inclusive of all expenses;
70,000 per annum rental income after maintenance and utilities costs;
50,000 per annum net income after taxes;
>1,250,000 market price of the property by the end of 2019.

You can get more details about the building and market situation contacting tranio.com (https://tranio.com/)

By purchasing the property investors can obtain European residency for themselves and their family members (spouses, parents and children) for the whole period of ownership.
An example of a fully finished property we manage in a similar location: https://airbnb.com/rooms/21861935 (commissioned this year, the average rental rate exceeding 100 per apartment; the annual occupancy rate exceeding 65%).

The project is free of commissions and brokers.