Bright room with white walls, marble floors, and two seating areas. A white table with chairs and a gray sectional sofa with a wooden coffee table. [AI-generated text]

Renovated semi-basement apartment, 45 sq m, with an immediate 7% investment return

€69,000
  • 1 Bedroom
  • 1 Bathroom
  • ~47 m² Total surface
  • ~47 m² Living area
  • Construction year 1966

Description

In one of Thessaloniki’s most convenient areas, behind Hippokratio Hospital, a fully renovated and furnished semi-basement apartment is available for sale, combining functionality with a particularly attractive investment potential.

The property is already leased at a monthly rent of €400, generating annual income of €4,800 and a gross annual yield of 7%, based on the purchase price. It is therefore an attractive option for investors seeking to acquire a property with an existing tenancy and income from the first day of ownership.

Modern and Functional Interior Spaces

The apartment features a carefully planned layout, making efficient use of every square metre. Entry through a security door leads to a hallway and then to a comfortable living and kitchen area.

The spacious kitchen is fully equipped with the necessary appliances, while the modern dining table for four and corner sofa bed provide practicality and additional accommodation capacity.

The separate bedroom includes a double bed, desk and two-door wardrobe, creating an environment that meets everyday living needs.

The bathroom is particularly spacious and includes a shower, storage areas and a built-in washing machine. In addition, windows in all rooms ensure natural ventilation.

Excellent Location – Just 250 Metres from Efkleidis Metro Station

One of the property’s main advantages is its location, just 250 metres from Efkleidis Metro Station, offering easy access to the metro network and facilitating daily travel.

The area combines direct access to Thessaloniki city centre with proximity to the New Waterfront, neoclassical buildings, shops, dining venues and entertainment facilities. At the same time, service by urban public transport further enhances the convenience of the location.

Investment Opportunity with Existing Income

This particular property combines features of particular interest to the modern investor:

Existing tenancy: Monthly rent of €400.

Annual income: €4,800 from rent.

Gross annual yield: 7%, based on the purchase price.

Fully renovated and furnished: Ready-to-use, functional spaces.

Privileged metro access: Just 250 metres from Efkleidis Station.

Popular urban area: Easy access to the city centre and the city’s key amenities.

The existing tenancy enables the new owner to continue generating income from the property. The renovation, furnishings and proximity to the metro provide additional advantages for the property’s long-term commercial potential.

A comprehensive investment proposition for those seeking a property with existing rental income, a calculable gross yield and a strategic location near the metro.

Features
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Engel & Völkers Thessaloniki MMC

Your advisor: Eleni Varsami

Property ID: W-049I7C

Property details
  • Object type

    Flat

  • Bedrooms

    1

  • Bathrooms

    1

  • Total surface

    ~47 m²

  • Living area

    ~47 m²

  • Flooring

    Tiles

Energy efficiency information
  • Construction year

    1966

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

Location: Ippokrateio, Thessaloniki

Faliro is located in eastern Thessaloniki and belongs to the Municipality of Thessaloniki.

Unique Features: A unique location, offering literal access to the entire city. Neoclassical buildings, the School for the Blind, the New Waterfront with its beautiful promenade and sunsets, Radio City, and a wide range of everyday amenities.

Accessibility: Faliro is considered a transport hub, as several OASTH buses pass through it. Transport to and from the city centre runs through Faliro. It is also connected to the intercity bus station (KTEL) and the airport.

Investment Potential: It is considered a favourite destination for students seeking accommodation. Due to its proximity to the universities and the New Waterfront, as well as its access to public transport, it is the “ideal balance” for students and others alike.

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