Office unit in the building under construction.
Description
Total area of the property is 372 m²
Office unit occupies a quarter of the 9th floor in a 38-storey building.
The office premise includes balcony.
Unit will be delivered without interior finishings. Interior finishings will increase the rental value of the property by 20–25%.
Absolute annual income is 114,770 €.
The current yield of 7.3%.
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.
