Investment property downtown Chania for sale

Property type: Apartment
ID: BA343
Floor:1
Year Built:1990
Built Area:289m²
5
Beds
5
Baths
465,000€

INVESTMENT OPPORTUNITY - 5 APARTMENTS

Five (5) apartments for sale in a three storey apartment building. Built in 1990, the apartment building is located on a quiet, one-way street, about 1km from the city center of Chania.

Two of the five apartments are located on the ground floor and measure 56.7sqm and 60.1sqm respectively. The other three apartments are located on the first floor and have an area of ​​63.3sqm, 56.9sqm and 52.2sqm respectively. (total 289sqm)

 All apartments consist of an open plan kitchen-living area, a spacious bathroom and a comfortable bedroom. They were renovated in 2008 and have a fitted kitchen, double glazing aluminum windows, air conditioners and solar water heater. The two ground floor apartments have a comfortable, private courtyard while all the floor apartments have balconies.

188sqm BASEMENT

The price includes a basement of approximately 188sqm. It features independent entrance on the south side of the apartment building, a wide staircase that provides comfortable access, mosaic flooring, high ceiling (3.15 m) and big windows that provide adequate natural light and ventilation. Engineer plans for the creation of 5 separate warehouses of 29sqm each in order to serve the needs of the 5 apartments, is in place.

The proximity to the city center makes the property extremely attractive for investment as it can provide a high return on investment (4,5%) either through long term or short term (tourist) leasing.

The asking price is negotiable. 

Features

FacilitiesBasement|
AmenitiesFitted kitchen|Fitted wardrobes|Telephone line|Internet access|
Heating/CoolingAircondition|
Energy PerformanceSolarwater heater|Double-glazed|
ViewCity|

Location: Chania

Points of Interest

City of Chania1,7km
Chania Airport15,1km
Souda Harbour (Chania)6,6km
Chania Hospital3,5km
Venetian Harbor2,1km

Settlements

Mournies3,5km
Pervolia4,0km
Agii Apostoloi4,2km
Daratsos4,6km
Nerokourou5,1km

Beaches

Nea Chora1,4km
Koum Kapi2,2km
Hrisi Akti3,2km
Agii Apostoli4,1km
Glaros4,4km

Cost and Taxes

Asking Price465,000€
Real Estate transfer tax14,369€
Value added tax-
Estimated total ammount for taxes14,369€
Estimated Realtor 's commission11,625€
Estimated Notary 's Fees4,672€
Estimated Attorney 's Fees (optional)6,975€
Total amount for fees (VAT is included)23,272€
Land Registry2,209€
Closing costs-
Total potential expenses2,209€
Estimated Total Buying Cost
504,850€

My Notes

Please Sign in to use tis functionality

 

Don't have an account? Sign up now!

Request more Info

Investment property downtown Chania | ID: BA343

Similar Properties