Arish Wonderwall Student Accommodation , Greece, €250K, Golden Visa Eligible
Greece Residency / by Helen Cui / 132 views
56 individual studios 3 minutes away from the beach
We are excited to launch our new Greek Golden Visa eligible renovation project, the very first “passive” commercial investment opportunity in Greece with residency benefits.
We expect this to be very popular with both pure investors and GV investors alike. Further details are set out below.
Note: Arish Capital our partner will cover GV fees, acquisition taxes & full furnishing of the unit – saving upto €26k per investor.
Arish Wonderwall : Project Summary
1. Type: Purpose Built Student Accommodation, 56 Studio Apartments – Passive Investment Asset (fully managed)
2. Location: Located in the City of Patras, Greece (Patras is the 3rd largest city in Greece – home to 35,000 students)
3. GV: Golden Visa Eligible under €250k scheme
4. Legal ownership: Freehold individual Title Deed over each Studio Apartment
5. Student Accommodation Operator:
Fully managed with 15 year operator lease
Years 1-5 : 5% rental fix (net of expenses, but before investor own income taxes)
Years 6-15: market (actual) returns
Lease renews after 15 years with same or different operator
6. Best available units :
003 – corner unit with private garden ( last two available units with garden).
004 – largest unit in the condominium.
307 – Frontal unit, unique layout with largest terrace in the condominium.
310 – corner spacious unit with terrace overlooking the condominium garden.
- Listing ID: 85249
- Enables residence and/or citizenship in:: Greece
- Enables owner's visa-free travel to:: EU/Schengen
- Price range: US$100,000 - US$250,000
- Ownership type: Freehold
- Minimum holding period to maintain residence/citizenship status: 5 years
- Construction status: Completed
- Property type: Apartment
- Income-generating property: Yes
- Annual maintenance costs borne by the buyer: Yes
- No. of rooms: 1