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The Emerald Terraces in Glyfada

Name: Sales in The Emerald Terraces started!
Start: 2021-04-13T09:04:15.380947+00:00
End: 2023-12-31T23:59:59+0000
Location: The Emerald Terraces

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Project info

Object ID: 11880

Finished at	December 2021
Price, m²	From 3000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 126.00 m²
Floors	4
Apartments	7
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Pool Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

378,000$

Net profit

9,376$

Payback period

32.2 years

Avg property value increase per year

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About the project

As a suburb of Athens, Glyfada is among the most desirable, enjoying all the sophistication of the modern capital city - the shops, the restaurants and nightspots - but without the oppression of crowded and polluted streets.

Glyfada is alive, a fresh place by the sea, well-planned, with wide tree-lined streets. It is spacious, an aspirational place to live.

The ancients recognised the area's special gifts. Today's Athenians know it for its welcoming beaches, its four marinas - one of which is home to a small fishing fleet that lands a daily catch - and its excellent sports and recreation facilities, including the superb Donald Harradine-designed Glyfada Golf Course.

Benefitting from recent enhancements in transport, Glyfada is now one of the best-connected suburbs of the city. Numerous bus routes and the new tram service head in all directions, with frequent services to central Athens, Piraeus and the airport.

Bounded by Nisous, Karamanli G. Constantinou and Kalypsous Streets, Emerald Terraces enjoys an enviable location 250 metres from the sea and nearby marinas of Agios Kosmas and the Fourth Marina of Glyfada, with easy access to Posidonos Avenue and the centre of Glyfada. Also very close is the undulating green landscape of Glyfada Golf Course pleasantly planted with trees and shrubs.

This prestigious neighbourhood is characterised by low-density luxury housing set amid the bright green of wide tree-lined streets and carefully-tended gardens.

The definitive modern design of Emerald Terraces makes this a much sought-after development. But equally important, its position adjacent to the former Elliniko airport, which has been designated for transformation into a National Park, will increase not only quality of life in the area but also the financial value of the property.

Developer

Emerald Developments S.A. is an Athens-based property developer and is part of the long-established and highly successful Photos Photiades G…
Details about Emerald Developments S.A.