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Buy To Let 5% Yearly Income

€450,000
  • Listing type: For Sale
  • Bedrooms 9
  • Bathrooms 9
  • Living Area 396
  • Property type: Special Projects, Traditional House
  • Built In 2002

Property Description

An historical building dated 1951, 396m2 used to run as hotel well known “Praissos” Hotel. In 2002 converted into apartments for rent as started a big demand in town for permanent rentals.
It is two storey with 9 apartments, one bedroom each. One of them is a maisonette used now by the owners.
Within walking distance from all amenities and beach, rented mainly by students.
First construction date was 1951, extended in the years 1962, 1972 and the major renovation was in 2002.
The renovation works brought back its glory, using high quality materials such as the artificial plaster, the impressive entrance.
The year income from rental contracts is 27.000€.

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