Investment project for the construction of a residential complex, Bremen, Germany

Additional information is provided after the signing of an NDA

Investment project for the construction of a residential complex, Bremen, Germany

4,490,000 €
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Total area: 2,152 m² Yield: 5.4% Built in 2018
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Features
  • Operating Incomе: 243,480 €
  • Land area: 3,367 m²
  • 4-floor building
  • Number of parking lots: 36
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 4.8%
  • Total apartments: 24

Four residential houses under construction.

Description

Total area of the property is 2,150 m²

The complex includes four buildings of the same type with 24 apartments with balconies. Each flat is provided with a storage room. The houses are fitted with elevators. The buildings have a high level of energy efficiency.

The purchase price includes parking for 36 cars.

Financial performance

The projected sales revenue is 5,072,000 €.

The profit of the investor before tax is 942,000 €.

The return on invested capital (gross) is 21%.

With saving the property in portfolio:

The projected absolute annual income is 243,480 €.

The projected yield is 5.4%.

Transaction costs

Notary fee of 1.5%.

RE purchase tax of 5%.

The broker's fee of 4.76%.

Location and nearby objects

The complex is located in the southern suburb of Bremen. Public transport stops are situated within walking distance, shops and schools are situtaed within few minutes drive.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Bremen
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services