Allure Business Condos in Athens

Name: Sales in Allure Business Condos started!
Start: 2023-07-31T09:46:41.856326+00:00
End: 2023-12-31T23:59:59+0000
Location: Allure Business Condos

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Project info

Object ID: 25250

Finished at	December 2024
Price, m²	128000$ — 262000$
Housing class	Business
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 30.47 m²
Floors	7
Apartments	38
Distance to sea	4000 m.
Building phase	Foundation
Condition	Turnkey
Construction type	Monolyth
Elevators	1
Security	Intercom CCTV
Conveniences	Parking Underground parking Pool Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Kallithea 1 min Tavros 5 min Rouf 14 min Petralona 14 min Moschato 21 min
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

3,840,000$

Net profit

5,906$

Payback period

473.9 years

Avg property value increase per year

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About the project

The urban and stylish Allure Business Condos is a 7-storey building with 38 apartments in the Kalithea district. This residential project stands out from the neighboring buildings due to its snow-white facade with metal lattice railings on the balconies. These small architectural forms provide the basis for additional landscaping of the apartments. A spacious backyard with a swimming pool and sun loungers will provide the opportunity to enjoy the mild Mediterranean climate almost 200 days a year.

The project is represented by two-bedroom, one-bedroom apartments and studios. All the residential areas of "Allure Business Condos" are attractive for personal use as well as for renting. The targeted tenants of the apartments are students, business tourists, young couples and families.

Kallithea is located between the southern areas of the Athenian Riviera and the center of the capital and is about 5 km from the port of Piraeus. Kallithea is a bustling place with lots of infrastructure and in a few minutes you are in the historical center of Athens. Public bus stops are within walking distance of ABC project and Kalithea metro station is just 100 m away. The central square of Davaki is 650 meters away. In the same area there are the renowned Greek universities "Pantheon" and "Charokopeo" and the trendy "Stavros Niarchos Cultural Center" which includes the National Library, National Opera, Cultural and Educational Park, a promenade and a yacht marina. In the neighborhood of "ABC" there are various stores, sports clubs, diagnostic and health centers, cafes, educational institutions, etc.

All of the above forms its investment attractiveness.

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Developer

DKG Development is a rapidly evolving company in the field of Real Estate – Development in Greece, staffed by a team of professionals that h…
Details about DKG Development