The apartment is for investment and is located in a point of high interest with a facade and a view of Vasileos Georgiou A. square.
It offers a return of 6% on long-term rental and over 15% on short-term and passive income from day one.
Average declared income of recent years €23,000.00/year.
(* This money is net even after the commission and other costs have already been paid to the short-term rental platforms).
Description
Magnolia City Suite is a comfortable and spacious apartment in Georgiou Square in the center of Patras! With the unique view of the Apollo theater (work by Ernesto Ziller). Completely renovated by "ALFA CONSTRUCTION" in 2020 with decoration in a minimalist style. The well-known street artist Taish put his signature on the graffiti that dominates the area.
The space
Fully equipped kitchen (oven, ceramic hobs, fridge, kettle, toaster, French coffee maker and espresso machine), washing machine and dryer, air condition 18,000 btu inverter, internet, smart TV50", Netflix, king-size bed, living room (sofa that converts into king size bed), double glazing, electric heater, electric towel rail. It also has a security door. On the balcony you can enjoy your coffee or tea with a view of Georgiou Square. Access to the apartment is by elevator or stairs.
Neighborhood
Georgiou Square, where Magnolia is located, is the center of carnival events and is a place for political gatherings, concerts and social gatherings! Everything next to you, walking distance to historical sights, pedestrian streets, shopping center, restaurants, kitchens, cafes, super markets, bakeries, pastry shops, florists, pharmacies, banks, port, KTEL bus, etc.
Modes of transportation
Near the entrance of the apartment building and within walking distance there is a taxi stand, available 24 hours a day! In the same square there is also a stop for city buses in various directions (University, TEI, Hospitals of Rio and Agios Andreas as well as other routes). In the Old Port of Patras, which is about 300m. from the apartment, there is free municipal parking. For guests who would prefer an option of a private protected parking space, this is also available even closer (50m.) on Gerokostopoulou Street.
The property is available for Exclusive Sale by Kopanitsanos Real Estate since 1961.
