Athens Beach front hotel for sale,PRSa5115

Athens, Athens

Property Description

In a great position in the south of Athens, 15 minutes walk from the famous Glyfada shopping center and few steps from the beach .

Glyfada’ disrtict is an excellent location means that everything is just a stroll away. Shops, cafés, restaurants, bars , Exhibitions center – eastern gate (Old Airport) , Tennis courts and the international Gulf course, Marinas and Fish tavernas are all located within walking distance of the hotel.

The hotel has a coffee, bar and restaurant area as well a nice garden with a swimming pool, where you can enjoy your coffee, drinks, lunch or dinner and also use the hotel’s entire area for wireless internet access, or just sit in the lobby area and chat with friends on the comfortable sofas.

Worst case scenario:

48 X 80 euro / day X 220 days = € 844,800

Suites:4 X 120 euro /day X 220 days = € 105,600

TOTAL INCOME: € 950,400

Occupancy: 70%

However, this is going to change in 4 years, as the hotel is 5-minute drive only from the biggest investment of 8bn Euro in Athens / Greece  (former international airport of Athens).

Link below

http://www.lamdadev.com/en/investment-portfolio/the-hellinikon.htm

Annual return, net after taxes: 9 % approx.

 

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