Construction project of the residential building.
The project includes the acquisition of an existing building with its subsequent renovation and the construction of an extension.
Total area of the building under the project is 21,000 m².
Number of parking spaces in the three-level underground parking: 115.
Term of the project: 3 years.
The current owner is a developer company. A new owner can choose his own developer for the construction of the building.
Project entry costs: 23,548,000 €.
Construction and renovation costs: 17,650,000 €.
Total costs: 41,198,000 €.
Projected sales revenues: 53,913,570 €.
Operating income: 12,715,570 €.
Yield of the project: 30%.
Location and nearby objects
The project is located in the central part of the city.