Construction of a residential complex in Berlin.
Description
The essence of the project: the purchase of a site, demolishing an old building, construction of a new one, selling apartments.
The offer is the company (Share Deal), which owns a site with two buildings. The buildings are currently used as a hostel and have rental revenues of about 700 thousand per year.
Project term: 56 months.
The required investment is 14,000,000 €.
The project costs are 70,742,723 €.
Sales price is 83,206,250 €.
Profit before tax 12,463,527 €.
Investor IRR 15% p. a.
The property is located in the Westend area, in the western part of Berlin. The region attracts actors, composers, writers, and scientists. Here, there are some of the most beautiful houses in Berlin, and famous landscape architects of the late 19th and early 20th centuries designed areas that have no analogs in the entire capital of Germany.
