There is a business available for sale of 320 sq.m., consisting of 7 apartments, which are located on the 5th and 6th floors of the building in the center of Thessaloniki. Monthly rentals range from 150 euros to 350 euros. The building has 5 parking spaces for apartments, of which 3 are leased. These apartments-studios are in great demand because of the location, just 600 meters from the universities. Thus, the purchase of this premises is a profitable investment. When calculating the profitability, all expenses for the acquisition and registration of real estate (including cost of legal expenses and tax on transfer of property rights), as well as obtaining a guaranteed rental price of 2.290 euros were taken into account. The minimum net profit per year will be 22.278 euros. Price of the property 410000 Registration expenses 40549 Total investment 450549 Rent (per month) 2290 Rental income 27480 Property tax 1080 Rental income tax 4122 Net annual income 22278 Annual return 4,94%
