Apartment 70 sq.m. with jacuzzi in Thiseio

Galatias 2, Athens
Apartment area (sqm): 70 sq.m.
Bedroom : 2
Bathroom / WC : 1 bathroom
Project delivery : Immediately available
Price : SOLD

The property is located in the area of Thiseio, just a 2-minute walk from the central market and the pedestrian street. 

It was purchased by MECHA Engineering in 2021 to fully renovate and operate as a short-term rental property. 

At the beginning of 2022 the property was completely renovated. New plumbing and electrical installations were built, a 1,20 x 0,60 tile floor was installed in the daycare areas, the window frames were replaced with new ones from the Europa company with double glazing and electric roller shutters. 

For the heating and cooling of the property we installed a central Multi system from the AUX company with internal wall units in each room. The system offers heating and cooling autonomy per room at a very low cost.

In terms of design and decoration, we chose Casa Cook’s influences with earthy tones and dark woods. In this way, the property attracts a larger audience for short-term rentals. 

In the kitchen, the hanging hood in the center draws attention. Also, the glass divider and the headboards of the beds, which are made of solid oak wood, give a special style. What makes the property stand out is the 3-person jacuzzi, located in the master bedroom. We were basically focused on the master bedroom’s design and on heating-ventilation comforts as well. 

The property, in addition to being fully furnished, has all the electrical equipment (oven, hobs, refrigerator, hood, built-in washing machine, built-in dishwasher) as well as all the household equipment (plates, glasses, coffee maker, vacuum cleaner, etc.) to be fully functional autonomous. 

This house is on the popular Airbnb and Booking platforms with an annual yield of €30,000 – €35,000. Obviously, this is an investment opportunity, as from the next day of its purchase, its depreciation begins without the investor having to allocate any amount other than his purchase. 

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