Margosa in Glyfada

Name: Sales in Margosa started!
Start: 2021-04-16T06:40:22.777358+00:00
End: 2023-12-31T23:59:59+0000
Location: Margosa

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Construction

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Project info

Object ID: 11931

Finished at	March 2022
Price, m²	From 8260$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 139.00 m²
Floors	5
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

1,148,140$

Net profit

9,376$

Payback period

97.7 years

Avg property value increase per year

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Promos and discounts for Margosa

About the project

Margosa, the epitome of luxury city living in one of the most architecturally striking buildings in Glyfada.

Margosa’s unparalleled arboreal aesthetic, showcasing a towering palm tree through its centre, creates a stunning focal and talking point, and together with its curved green rooftop, creates a welcoming environmental appeal.

The design can best be described as clean and contemporary. Attention to detail and state of the art finishes create a boutique living experience. An outdoor jacuzzi, placed on the south side, is a superb addition to the urban living experience at this property.

This beautiful, single-level, third floor apartment features three spacious master bedrooms.

Floor to ceiling windows create grand, light filled spaces. Open plan spaces that flow effortlessly into one another. A handy storage room keeps the apartment clutter free. All the materials used have been carefully selected and considered.

With an A+ efficiency grading this property will appeal to the most climate conscious of buyers. Fully adjustable automated smart features such as lighting, heating, curtains, cameras and security are included.

Parking is always a premium in any city centre home but not here as the apartment is sold with two parking spaces.

Glyfada is a fashionable area, known for its long coastal line with superb beaches, mixed with marinas, restaurants and cafes. International designers, small independent boutiques and art galleries all help to create the up-market chic vibrancy of the neighbourhood.

Margosa is currently under construction and will be completed by March 2022.

The buyer of this property is eligible for the Greek Golden Visa Program.

Developer

At Greece Sotheby’s International Realty we proudly offer homeowners an unprecedented opportunity. For the first time, home sellers in Gree…
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