Commercial space of 300 sq.m area in the center of Thessaloniki, near the state hospital Hippocratio. At the moment, the space is rented for business and brings a monthly income of 2180 euros. This business will always be in demand among tenants due to its advantageous location. Thus, the purchase of this property is a profitable investment. When calculating the profitability, all expenses for the acquisition and registration of real estate (including the cost of legal services and tax on transfer of property rights), as well as obtaining a guaranteed rental price in the amount of 2180 euros were fully taken into account. The minimum net profit per year will be 20368 euros. Price of the property 400000 Registration expenses 39560 Total investment 439560 Rent (per month) 2180 Rental income 26160 Property tax 1868 Rental income tax 3924 Net annual income 20368 Annual return 4,63%
