Description
Building with 8 apartments is located in prestigious Columbia area, Potamos Germasogeia. 2 minutes drive to the highway. 10 minutes drive to Gladstonos Street.
Building Specification:
- 3 floors
- 8 apartments
- 4 x Two-Bedroom apartments
- 2 x One-Bedroom Apartments
- 2 x Two-Bedroom Penthouses (with private roof gardens)
- Total indoor area: 522 m²
- Total covered veranda: 135 m²
- Uncovered veranda: 54 m²
- Common area: 52 m²
- Total area: 574 m²
- 9 parking spaces
- Delivery: April 2026
- Not for primary residence or for re-sale
A perfect opportunity for investment as a high yielding rental asset (Annual Rental Income €262.800) or as an opportunistic re-sale opportunity upon completion.
NO VAT or TRANSFER FEES are applicable! 'Plot is under an SPV'
Discounted Price (on full building acquisition):
Price After Discount: €2.930.000
Rental Yield (Open Market) = 9% (Annual rental income estimate = €262.800)
Rental Yield (Guarantee) = 6.9% (Annual rental income estimate = €202.200)
Estimated Valuation on Building Completion: €4,000,000
