Opis
Type of object: Income property Ref no. 1 Location: Merksem land Area: m Total area: m Year of construction: 1914 Number of floors: 3 Number of units: 1 Technical condition of the object:
Repair
Rented: 0% equity: 448 125 Euro Cost total: 750 000 EUR leverage: Yes Rate on Bank loan: 3,5% Rental yield: 8 000 Euro Current return on investment: for 15.1% of the Management company: Yes Accounting support: Yes Tax support: Yes a Hands-off investment: 100%
Rental business in Belgium - profitability of 20%-25% is absolutely unique chance! Unique offer, Belgium - investment facility - an ancient Castle 1630, which has a name of its own in the history of Belgium. The castle was built anew in 1914-1919, and next year will celebrate its 100th anniversary. The total area of 1.125 m2,apartment 706 m2, width of the facade of 16.6 m, castle consists of three floors and technical semi-basement room 229 m2. The object is located on the territory of the Park, with adjacent plot of land: 1.125 m2, which is part of the Park. The castle is a private road. The location of the Castle is one of the beautiful city parks of the city, 10 min walk from city centre, ideal for private family hotel (b&C) in a dynamically developing city in a quiet area of the second capital of Belgium, 5 minutes from the motorway. Excellent transport accessibility, shops, detsada and schools, 50 m from the building there is a stop of public transport. The good location of this beautiful historic castle in a Park, in immediate proximity to the city centre is a unique opportunity that is not common. The description On the 1st floor there are 5 large rooms, hallway and kitchen. On the second and third floors of the 10 large rooms, in the building of only 6 bathrooms. In the underground level is situated a boiler room and storage and technical rooms. Received permits for the hospitality of the family business (mAh people). Interior Exterior and interior decoration of the castle is made using naturalmathematical requires cosmetic remonta. In case of making a family hotel investment will be required in 170.000 * heating System on liquid fuel. Tenants At present 100% of the space is free and no obligation. The profitability of which will be reached at the expense of small hotel business may reach 20-25% is absolutely unique chance! The benefits of this investment object: Immersed in the green Park of the medieval castle is situated in a densely populated residential area in the centre of Antwerp, with all the accompanying infrastructure.
FINANCING, INCOME, EXPENSES, PROFITABILITY
The net cost of the object
€750.000
INCOME
Current profitability
on private investment
15.1%
Rental yields months/a year
€8000
€96.000
Income from resale
€336.224
ADDITIONAL COSTS
WHEN PURCHASING
The purchase tax
12,5%
€93.750
Notary and registration
1,5%
€11.250
Commission
5,5%
€41.250
Other expenses
--
0
Project TOTAL
--
€896.000
FINANCING
Own funds
50%
€448.125
Loan amount
50%
€448.125
The effective rate
3,5%
CREDIT
The loan term, years
10
Fixed payment per month
--
€4431
The loan payment per year
--
€53.176
OPERATING COSTS
Insurance per year
±
€1.840
Property tax per year
±
€4.440
Driven/service in months %
11%
€880
The repair. the Fund (% of lease)
7%
€560
Other expenses in months
--
€000
Other expenses in months
--
€000
MACROECONOMICS
Annual growth of rentals
2.0%
Cost inflation
5,00 %
The growth rates of revenue
the real estate in Belgium in the year
2.5%
1. Price is the net amount that will be paid directly to the owner and all calculations are based additional costs.
2. Equity capital is the sum of all spent their own funds to the project, including the design of the object. In the calculations of financial modeling, we consider 50% as the baseline scenario. This amount may vary depending on the capabilities and preferences of the buyer and the approval of the lender.
3. Leverage is the ability of financial participation in this project of borrowed funds, this is a mortgage loan.
4. Rate on Bank loan is the rate, expressed in percents on annual basis, in our calculations we opredelili it as 3.5 percent, which, of course, is a close, with this unit.
5. The rental yield is the amount generated by the project at the expense of renting.
6. The current return on private investments is the aggregate income of the project in relation to your own investments.