Hotel for sale
Athens, Attica, Greece
£4,895,225 *
[€5,700,000]
Full Description
We offer for sale a hotel with a total area of ??1617 sq.m consisting of 36 luxury rooms, which is located in the central historical district of the city. In this area, there is a large cross of people and the specific Street on which the object is located, is the central starting point of tourists leading to Plaka, Monastiraki, Acropolis.
Here are located the shops of the most famous brands in the world fashion, numerous cafes, and restaurants. All the city's sights are also within walking distance, the Acropolis, Filopapu Hill, Roman Market, and Plaka. Also, in the immediate vicinity of the object are many popular places of the Greek capital: Syntagma Square, Parliament, archaeological sites, shopping streets, bars, restaurants, hotels and etc. Tourists from Russia, China, Europeans, and Americans prefer this area for its colorful, picturesque, variety of colors, languages ??, and opportunities. Excellent transport links (metro, tram, dozens of bus and trolleybus routes).
Since 2017 it is rented with a lease agreement duration of 9 years
The rental income: For the 1st year was 144.000e, for the 2nd year 168.000e and for the rest of lease duration, amounts to 200.000e per year with an increase of 1.5% each year
This object is a rare opportunity for profitable investment which over the years will only increase in value and especially because there is no other alternative offer for sale in there.
Read more
