For sale apartment of 46 sq.meters in Athens center. The apartment is located on the ground floor and consists of one bedroom, living room with kitchen, one shower WC. Flat has front layout and also has security doors, elevator, heating.

The flat is located in the center of Athens,Kipseli area,900m from the closest metro station Agios Nikolaos.

Until 1908, when the county engineer Athanasios Georgiadis first bounded and planned Kypseli, Kypseli was a rural area with estates and country houses. In such a house Constantine Kanaris, fighter of the Greek revolutionand later prime minister of Greece, lived and died. Also, in 1831, the British admiral Pulteney Malcolm, had architects Eduard Schaubert and Stamatios Kleanthis build him a house which now lies on Agias Zonis Street and houses the Hospice for the Disabled of Athens.

A clearly urban development of Kypseli began in the 1930s with the construction of family houses and the first modern apartment buildings in Athens. The development of apartment buildings was contemporary with Kolonakiand other central neighbourhoods. Although many of the earlier houses were built in a neoclassical or eclectic style, from the 1930s onwards, the designs of newer houses and apartment buildings were influenced by international trends such as modernism, Bauhaus and Art Deco. Adjacent large green areas such as Pedion Areos and Fokionos Negri Street pushed Kypseli to become an upmarket district with many apartment buildings built until the 1960s that addressed to the middle and upper-middle class.

The property is currently under renovation, as per the latest technologies, using the newest materials!
As per the request of the owner, the property has been made in an English style the interior layout has been changed, new electrical wiring, hydraulics and the sanitary fixtures were installed, all windows were replaced with double-glazed windows, equipped with the new thermal insulation technology all the necessary bathroom fixtures were installed in the bathrooms

The property is an investment opportunity, as it is bringing to the owner high and stable income from the rents. More detailed:

Investment amount : 61.650 + expenses 9% = 67.199 euros

Yearly occupancy: 70%

ADR: from 30 euros per day

Yearly income: 7.665 euros

Yearly expenses: 2.300 euros

Clear income after taxes : 5.365 euros

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