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Student hostel under construction in Frankfurt with a 5,1% projected yield

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Student hostel under construction in Frankfurt with a 5,1% projected yield

28,100,000 €
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Total area: 13,366 m² Yield: 5.1%
  • Absolute return: 1,433,100 €
  • Land area: 2,460 m²
  • Year of construction: 2017
  • 4-floor building
  • Number of parking lots: 55
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 3.6%
  • Total premises: 221
  • Development

It is the property under construction in Frankfurt.

Description

The four-story hostel area of 13,366 m² will be built in 2017.

The plot of 2,460 m².

The hostel will accommodate 221 furnished student apartments area of 21–26 m².

The total living area is 8713 m².

There will be an underground garage for 55 places.

Financial performance

Projected income is 1,433,100 €.

The projected yield of 5,1%.

Transaction costs

The broker's fee of 3,57%.

Real Estate Transfer Tax is 5%.

Notary fee of 1,5%.

Asset or Share Deal.

Location

The property is located in a developing area of Frankfurt just 2,5 km away from the city center.

There are shops, restaurants, bars, nurseries and park in the immediate vicinity of the future hostel.

Tram, bus and metro station are located within the walking distance from the area.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Frankfurt am Main
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