Office unit in the building under construction.
Description
Total area of the property is 644 m²
Office unit occupies a half of the 16th floor in a 34-storey building.
The office premise includes balcony with the area of 178 m²
Unit will be delivered without interior finishings. Interior finishings will increase the rental value of the property by 20–25%.
The rental price of parking lot in this building is 3,856 € per year.
Absolute annual income is 198,687 €.
The current yield of 7.1%.
Office unit without interior finishings can be leased out for 5 years with extension option for 5 years.
RE purchase tax of 6%.
The cost of the management company is 2.60–6.40 €/m².
The tax on land to the municipality is 2.60–3.90 €/m².
Office situated in Sarona — the central district of Tel Aviv. There are area of luxury properties and shopping center located within 100 metres away from this office building. The tram line will be laid in proximity from the building. The real estate properties in this area has a high potential for growth in value due to its favorable location and popularity among investors.
