Currently used as a short term rental walking distance to sea 12820
Situated on the Agios Tychonas area tourist beachfront, this flat is part of a building block just across the road from the Mediterranean and Four Seasons hotel.
It is an ideal investment as it can net close to €20,000 per year if rented as an airbnb and €600 per month for long term (hence 4.9% rental yield return).
The short term rental yield would be close to 11.5%.
The building has had a renovation in 2011 and a new lift installed. The flat has been upgraded with new solar hot water panels and a pressure pump water system. There is no designated parking space, all the parking spaces are communal. It is easy to find parking though because most of the flats are tourist flats rented out in the Summer season.
These flats rarely come into the market and when they do, they get snatched up quick - Hurry !!!
*No negotiations on the price, the price is set in stone, do not waste your time.
NICOLAOU ESTATESVerified account
Posting since feb, 2017 Other ads from this seller
Agent reg. number: 693
Agent license no.: 365/E
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