Location: Antwerpen land Area: 180m2 Total area: 170m2 Year of construction: 1975 Number of floors: 8 Number of units: 1 Technical condition of the object: Repair Rented: 0% equity: 149 375 Euro total Cost: 250 000 EUR leverage: Yes Rate on Bank loan: 3,5% Rental yield: 1 750€ Current return on investment: 8,62% of the Management company: Yes Accounting support: Yes Tax support: Yes a Hands-off investment: 100%
Interesting investment project - apartment on the ground floor of a 8-storey building on a lively Avenue, a few steps from the centre of Antwerp. The total area is 170 sq.m.
The huge size of the premises (120 sq.m.) can turn it into a lovely living room with cozy fireplace, passing in the dining and working areas. And you can post here a beauty salon, a hairdresser or a flower shop.
Huge plastic Windows are one of the walls of apartments-studios. The Windows offer beautiful views of the charming green Boulevard, recently renovated, restoring its original stone floor.
The large kitchen features a gas stove, oven, hood, sink, built-in furniture. In the bathroom there is a bath, double washbasin and toilet.
Convenient location in a lively district, close to the Park by the river, a large shopping center makes it attractive for investment. In walking distance there is a school, several kindergartens and a medical facility. Due to its preserved ancient trees and the air in the area is clean and fresh.
Apartment for rent, 170 sq.m:
STUDIO APARTMENT: 7.5 m x 16 m, floor - laminate, walls - decorative plaster.
KITCHEN: 5m x 7m; equipment includes a gas stove, oven, extractor hood; floor - terracotta; walls tiles and paint.
BATHROOM: 3 m x 4 m, equipped with bath, double sink,
Antwerp, the second largest European port on the North sea, is situated 48 km from the capital of Brussels on the river Schelde. In Antwerp meet all European road, rail, air and sea routes. Diamond craft shops are famous all over the world from medieval times.
It is called "the World diamond Center. Great museums of Antwerp keep excellent collection. Its well preserved and cherished landmarks that attract large number of tourists.
FINANCING, INCOME, EXPENSES, PROFITABILITY
The net cost of the object
Current profitability on private investment 8,62%
Rental yields months / a year €Of 1,750,00 €21.000,00
ADDITIONAL EXPENSES WHEN PURCHASING The purchase tax 12,5% €31.250,00 Notary and registration 1,5% €3.750,00 Commission 5,5% €13.750,00 Other expenses -- 0 Project TOTAL -- €298.750,00
Own funds 50% €149.375,00 Loan amount 50% €149.375,00 The effective rate 3,5%
The loan term, years 10
Fixed payment per month
€1.477,00 The loan payment per year -- €17.725,00
Insurance per year ± €403,00 Property tax per year ± €971,00 Driven/service in months % 11% €193,00 The repair. the Fund (% of lease) 7% €122,50