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Newly Established Residential Real Estate for Sale in Athens, Greece

Investment opportunity of 16 serviced apartments building in Athens which pays-off 9.2%-11% yield.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate
Locations  Athens
Local Time 1:29 AM Europe / Athens
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: INR 33 crore (Native Currency: EUR 3,600,000)
Reason: Strategic location in Athens city center.
9.2-11% yield.
Includes physical assets worth INR 33 crore
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Business Overview
- Residential building foresaw the construction of 16 apartments.
- Opportunity for serviced apartments in a 6-floor building located on a plot just a 5-minute drive from Athens City Center.
- All 16 apartments are approximately 31 sq. m. and have an Acropolis view from the last floors.
- Buyer will get ownership of the building and the plot on which the building will be constructed.
- The building is under construction, allowing the future owner to customize the interior details.
- The building is an ideal investment opportunity as a tourism oriented investment.
- This transaction is being handled by the owner of the project.
- We are looking for one buyer to buy all 16 apartments as a hospitality business.
Products & Services Overview
16 serviced apartments building.
Strategic location in Athens city center.
High yields %
Assets Overview
The building has the following characteristics:
- 6-floor building located on a plot just 5 min drive from Athens City Center.
- Each apartment is approximately 31 sq. m.
- The building has an Acropolis view from the last floors.
- The physical assets include land.
Facilities Overview
16 serviced apartments in a 6 floors building. Each apartment is approximately 31 sqm. The building is loacted in Athens city center, Greece. The yield is 9.2%-11%
Capitalization Overview
It is a sole proprietorship.
The business is own-funded. There are no debts. There are no lawns in the project.
Recent Activity
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
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5 Buyers already contacted this Business. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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