Schnelsener Hofgarten in Hamburg

Name: Sales in Schnelsener Hofgarten started!
Start: 2021-07-12T10:31:01.759056+00:00
End: 2023-12-31T23:59:59+0000
Location: Schnelsener Hofgarten

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Project info

Object ID: 12874

Finished at	December 2019
Price, m²	From 6070$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 41.00 m²
Floors	5
Apartments	73
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	Intercom CCTV Reception
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

248,870$

Net profit

6,783$

Payback period

27.6 years

Avg property value increase per year

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About the project

“We want to start the first construction work in spring at the latest. The first buyers will then be able to move in at the end of 2019. The entire system will be ready about six months later, ”says Bonava project manager Swetlana Arengold.

The apartments at prices from 209,950 euros each offer two, three or four rooms, around 41 to 123 square meters of living space and a balcony or terrace. All apartments will be built in accordance with the KfW 55 energy efficiency standard. This offers attractive funding opportunities for potential buyers. A central underground car park below the facility will provide space for 40 parking spaces. On the back of the U-shaped ensemble, the residents can look forward to a more than 700 square meter green inner courtyard with numerous seating areas and a children's playground.

“Young families in particular will immediately feel at home here, but the 'Schnelsener Hofgarten' should also be a home for all generations. Some of the apartments are therefore deliberately designed to be barrier-free, ”says Swetlana Arengold.

The Hamburg district of Schnelsen is located on the north-western border of the Hanseatic city and is characterized by a lot of green. The large Wassermannpark, as well as kindergartens, schools and shops, are only a few minutes' walk from the new apartments. The 4,200 square meter property on Schleswiger Damm was last built on with single-family houses, but lay fallow for several years after they were demolished.

The “Schnelsener Hofgarten” is just one of eight current construction projects by the German-Swedish project developer in the Hanseatic city. The company is building a further 28 apartments in neighboring Eidelstedt. New apartments and houses are also currently being built in Bergedorf and Harburg. According to the market research company bulwiengesa, Bonava is one of the three most active residential project developers in Hamburg.

Developer

Bonava is a Swedish housing developer and one of the leading companies in this segment in Northern Europe. Bonava has been building houses a…
Details about Bonava