Club investments in the construction of a 10-apartment building in Berlin.
Description
The essence of the project: the purchase of a site, the construction of a five-story house, the sale of apartments.
The building permit has already been received, the project documentation is ready.
Project term: 18 months.
Financial performance
The required investment is 1,771,385 €.
LTV — 59%.
The project costs are 4,373,785 €.
Sales price is 5,033,600 €.
Profit before tax 659,815 €.
The profit of the investor after taxes is 265,246 €.
Investor IRR 10% p. a.
Location and nearby infrastructure
Ralstedt, the leader among the districts of Hamburg by population, is located on the eastern outskirts of Wandsbek district.
