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Building 686 m², Piraeus

Piraeus, GreeceID-GR23037Updated October 25

  • 686 m²Area
  • 1976Year built
  • Commercial propertyType

About this property

Building of 686 m² in Piraeus, built in 1976. A partner-listed property for reconstruction or repurposing: documents and details are verified before the viewing. The second photo in the gallery is a BRIDGES visualisation of how the building could look after restoration.

Property code
ID-GR23037
Property price
€960,000
Price per m²
€1,399
Area
686 m²
Year built
1976
Status
Ready for a deal
Location
Greece, Piraeus
Address
Disclosed at the deal stage

What it will really cost

The price of the property€960,000
The taxes and state fees on the transactionthe main part of the cost€46,080 - €69,120
The notary, the registration, the translations€11,520 - €17,280
The legal check and the legal work€19,200 - €28,800
Estimated total€1,036,800 - €1,075,200

An estimate by the market range. We count the exact sum for this property before the deposit.

How the price compares

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Calculated on this property price

Rental yield

Long-term rental market in the country: 4-5.5% a year before costs.

A Golden Visa property can only be let long term: short-term holiday letting of such properties is prohibited by law.

Net yield3.6%
Gross yield4.5%
Rent per year€43,200
Payback≈ 28 years

An estimate, not a promise of income. Tax on rental income depends on your country of tax residence and is not included. We give the rent for this property after the checks, marking what is fact and what is forecast.

Residency through the purchase

Program
Greek permanent residency
Family
A PR card for the family: spouse, children and parents of both sides
Residence
No residence in Greece required - the card is valid while you own the property
Travel
Free movement across the Schengen area
This property
A building for reconstruction or repurposing: BRIDGES buys and restores such properties together with investors. Details and documents are verified before the viewing
How the program works →

Agreements and materials

Location

Piraeus, Greece

The map shows the area. The exact address is given at the deal stage.

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Property due diligenceTitle, encumbrances, permits and the seller - in a written report.Purchase costs guideTaxes, notary and fees on top of the price, by country.

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