Reference ID: #SA38799
Price details: €275,000
For sale a truly unique one-bedroom apartment with a large private garden, located in Germasogeia, above the highway.
The apartment is located on the first floor of a quiet, family-friendly building consisting of only three floors and nine apartments.
Property details:
56 m² internal area
14 m² covered veranda
107 m² impressive private garden
One bedroom with en-suite bathroom
Separated guest toilet
Comfortable living and dining area
Open-plan kitchen
Covered parking space
Private storage room
Fully furnished with quality electrical appliances
Air conditioning in all rooms (hot and cold)
Alarm system
Barbecue area
Small building, 3 floors and 9 flats in total.
The property was fully renovated in 2021 (building 2010) and has remained continuously rented since then, without any vacancy periods.
It is currently rented until November 2026, offering a rental yield of approximately 6%.
Rent: €1350 plus common expenses and utilities. Plus 2% increase if renewal.
Stability: same rent for the last 3 years, with different tenants, all CIS.
Additional potential: Subject to obtaining all necessary permits, there may be potential to convert the property into a two-bedroom apartment by extending into part of the private yard.
Approximately 3 minutes driving from Germasogeia roundabout. 8 minutes to the beach.
Convenient access to the highway
Approximately 100 metres from a bus stop
Quiet residential neighbourhood
Cash buyers only. Clean tittle deeds.
