The property is located in the area of Kerameikos, in a rising investment area of Athens.
It was bought by MECHA Engineering in 2020 to complete renovation and its exploitation as a short-term lease property.
At the beginning of 2021, the property was completely renovated. New plumbing and electrical installations were constructed, a 0.75 x 0.75 tiled floor was installed in the living areas and a semi-solid wood floor in the rooms, the frames were replaced with new Europa windows with double glazing and electric shutters.
To heat the property, we installed an autonomous Daikin gas boiler system with a new single-pipe circuit and internal loop bodies.
For the cooling of the property, we installed autonomous air conditioning units in each space. The system offers the autonomy of heating and cooling per room at a very low cost.
In terms of design and decoration, we chose the influences of Nordic design with earth tones. In this way, the property attracts a larger audience in short-term leases.
We gave special weight to the kitchen with its special design. The constructions of the entrance and the master bedroom also give a special style.
The property, apart from the complete furniture, has all the electrical equipment (oven, hob, refrigerator, hood, built-in washing machine) as well as all the household equipment (dishes, glasses, coffee maker, vacuum cleaner, etc.) to operate fully autonomously.
This house is located on the popular Airbnb and Booking platforms with an annual yield of € 20,000 – € 23,000. 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.
The legal documents of the property are all available in electronic form.