Hotel For Sale - Kentro, Athens - Center

Description

English Description

Four-storey building located in the center of Athens, consisting of 20 fully furnished and equipped apartments, operating as a short-term rental complex since April 2024.

The property represents an attractive investment opportunity with future resale flexibility, as each apartment is an independent horizontal property and can be sold individually.

Asking Price: €5,200,000

Key Features

• 4 floors

• 20 apartments

• No parking

• Operating as Airbnb

• Roof terrace 246.60 sqm with lounge area

• Basement areas totaling 231.47 sqm

  • 82.25 sqm storage

  • Laundry and operational areas

• Fully equipped laundry facility

• Ground floor café (leased until 31/03/2027)

Three additional small retail units facing Veranzerou Street do not belong to the property.

Investment Performance

• Approximate annual revenue: €500,000 (after first year)

• Booking platform fees: approx. 15%

• Management fees: approx. 12%

• Estimated yield: ~7%

• Estimated payback period: ~14 years

Detailed financial data available under NDA.

Apartment Equipment

Each apartment includes:

• Double/single beds with mattresses

• Sofa bed

• Samsung Smart TV

• Dining table and chairs

• Coffee table

• Wardrobes

• Fully equipped kitchen

• Washing machine

• Small appliances

• Full kitchenware sets

• Iron and ironing board

• Hair dryer

• Safe box

• Star projector

• Balcony furniture

• Full linen and towel sets

• Fire extinguishers and first aid kits

Basement Laundry

Fully equipped professional laundry including:

• Professional washing machines and dryers

• Roller ironing machine

• Steam irons

• Large ironing boards

• Professional vacuum cleaners

This system significantly reduces operational costs.

Roof Lounge Area

Common rooftop lounge area including:

• Outdoor furniture sets

• Hanging chair

• Sun umbrellas

• Pergola with tent

Ground Floor Café

• Size: 24.45 sqm

• Access from street and lobby

• Lease until 31/03/2027

• Rent: €540/month + stamp duty

• Annual increase: 3%

Investment Highlights

• Fully operational Airbnb building

• Repeat customers

• Individual resale potential

• Fully equipped

• Central Athens location

• Strong growth potential