The building under construction with apartments for students.
Description
The total area of the building is 1,225 m².
The student dormitory consists of 52 apartments.
The construction of the building will be completed in Q3 2018.
The purchase price of the property includes a parking for 13 cars.
Financial performance
Projected absolute income is 210,000 euro.
Projected yield of 4.38%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
The brokerage fee is 5.95%.
Location
The property is located in the suburb of Dresden. There are two large universities in this area.
Good transport connection is provided via the main Dresden railroad station with suburban and regional trains, and a motorway.
