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Thessaloniki | Konstantinoypoleos 4

Student Dormitories

The project

Purchase of a 3-story  above the entrance floor plus attic at the foot of the University of Aristotle, for residential use.

The building includes 8 apartments (rented, with an occupancy of 65% on the day of purchase)

Total built-up area – 320 square meters. The balconies of the apartments with mountain views that surround the neighborhood

Business model (+ FLIP)

Buying – Improving – Managing and holding – Selling.

Flip deal on a building with a bonus of current rental yield. The building yields a return from day one for investors.

Target audience – dormitories, the building is located 100 m from the University of Aristotle in the city center.

Project status

Recruited in full. All the money was transferred to the trust account in Israel and from there to the sellers in Greece.

The renovation of the building is nearing completion and the remaining six apartments for marketing will be rented during the month of February 2022.

All the apartments in the project will be managed by the management company of the ‘Greek House’ in a high standard that includes, among other things: a door with a coder at the entrance, security cameras, front lighting for the building and a renovated lobby, management app for tenants,  Central fast WIFI and more.

 

The location

Evagelistria neighborhood
The neighborhood is very close to Aristotelous University (about 100  meters) and at a distance of 1 km from the city center.
Characterized by family residences alongside students and in the tourist seasons also rent for short periods.
The leading land designation is residential alongside tiny neighborhood commerce, one-way and quiet streets.
Adjacent to the building is a municipal pool, gyms and a private hospital.
The neighborhood is in demand, there are no empty buildings and apartments, well-kept buildings and balconies.
The neighborhood is rounded with a high-quality open space and green areas.

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