Residential - Sell - Vari-Varkiza, Asirmatos Alianthou

A residential complex consisting of 2 maisonettes and 2 apartments, adjacent to each other, fully furnished.
Maisonettes:
Back Maisonette (90 sq.m.): Spacious, featuring 3 bedrooms that comfortably accommodate 6 people. It includes a living room, kitchen, and a modern bathroom. Ideal for families or groups seeking affordable accommodation near Athens and the beaches.
Front Maisonette (70 sq.m.): With 2 bedrooms that accommodate 4 people, offering dual-use potential. Currently used for short-term rentals, it has a commercial license, providing the opportunity to convert it into a shop or office.
Apartments:
1st Floor Apartment (115 sq.m.): Features a private entrance, 3 bedrooms accommodating 7 people, and a comfortable terrace in the style of a Greek island, newly built and furnished for outdoor activities and relaxation. Perfect for larger groups and families.
Ground Floor Apartment (100 sq.m.): 2 bedrooms accommodating 4 people, with a comfortable living room, modern kitchen, and bathroom. Ideal for short-term guests or medium-term rentals for professionals.

The complex is designed for short-term rentals, maintaining an 80% occupancy rate throughout the year. With high demand and a proven track record of returns, this property is the perfect combination of stable income and long-term capital appreciation.
Strategic Location & Demand:
Located just 1 km from the Hellenic Army Academy, this complex is the top choice for military personnel, doctors, soldiers, and officers from Greece and Cyprus who visit the academy for exams and training. Additionally, ongoing construction projects in the area attract workers seeking medium-term accommodation, ensuring a steady flow of tenants year-round. The summer demand driven by the local beaches makes the property highly sought after for long-term summer rentals.
Financial Details:
Sale Price: €590,000
Annual Rental Income: Approximately €80,000
Return on Investment (ROI): 14% annual return on the investment cost.
Potential for Conversion to a Hotel Unit:
The building meets all the necessary specifications to be legally converted into a small hotel unit, offering an even more profitable investment prospect. This represents an excellent opportunity for investors looking to capitalize on the growth of the short-term rental market in Athens.
With a large tenant base, steady occupancy, and impressive returns, this is a ready-to-exploit investment with significant growth potential.