Other in Germany, North Rhine-Westphalia, Mönchengladbach, 1 Sale in Monchengladbach
Description
| Property type | Apartment |
| Square | 1.00 m2 |
| Bedrooms | Studio |
| Price | 23,291,700$ |
| Buy online | Details |
| Floors | — |
| Condition | |
| Has furniture | No |
| Has home appliances | Yes |
| Building condition | — |
| Security | — |
| Conveniences |
Parking |
Information
Investment project land in Germany in 41063 Mönchengladbach, 1.380 m² Investor buys the land, builds a house for the elderly and aged people, then it is leased to one tenant - the foundation or sold to the foundation Prior permission has been obtained for the construction of a building for the care of the elderlyresidential area with a total area of 1029.3 m2, total 3 floors: 1st floor 383.9 m2 2nd floor 375.4 m2 3rd floor 270.0 m2 Expenses Purchase of a plot of 1380 m2 : 450,000 € Brokerage costs 7.14%: 32.130 € Purchase tax (6.5%), notary (1.5%+VAT) 29,250+6,750=36,000 € Construction: 1600 €/m2 * 1,029 m2 =1,646,400 € Architect + design + others (10%): 164,640 € Total: 2,329,170 € Rental income per month: 1029 m2 * 13.12 € = 13.500 € per year: 13.500 € * 12 months= 162,000 € There is already a tenant - a large company that already manages several similar properties.Construction period 12-18 months this project will be easily and quickly built as there are no underground garages and therefore the building frame is built simply and quickly.Also, finishing materials will be economy class (premium finishing materials are not required here) in Germany for the construction of a 5-year warranty from builders and 2 years for finishing materials (tiling, for example, and so on)Her...) if the investor wants to sell this object immediately, then approximately it will be possible to do this for + ~ 700,000 euros more expensive.Profitability of the project (excluding financing) ~ 7% * It is possible to obtain financing for the construction of an object if there is an own capital of 30-40% (this is all strong and depends on the specific investor) * Long-term investmentLease agreement for the entire building with the management/operating company for the care of the elderly for 10 years + 10 years option.A preliminary lease agreement with the management / operating company for the care of the elderly will be signed already at the stage of purchasing the site.separately if you need to manage the entire project, then full management for the whole time costs separately + 80,000 euros
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