Description
**A house in the centre of Antwerp**
Location: Antwerp land Area: m Total area: m Year of construction: 1950 Number of floors: 4 Number of units: 4 Technical condition of the object: Good Leased: 80% equity: 265 888 Euro total Cost: 445 000 EUR leverage: Yes Rate on Bank loan: 3,5% Rental yield: 3,5€ Current return on investment: 10.2% of the Management company: Yes Accounting support: Yes Tax support: Yes a Hands-off investment: 100%
On the ground floor of this object is a shop, a storage room, a kitchen, second floor is occupied by another kitchen, large living room, decoration of which is a marble fireplace, storage room, third floor includes a bedroom with adjoining bathroom, and on the top floor are two further bedrooms. The house has a small yard.
There is a possibility of increasing revenues and operating flexibility of the object due to the separation of the house on four isolated part, consisting of a shop on the ground floor and three apartments, which occupies one floor.
The proposed facility has an excellent location because it is in the historic centre of Antwerp, close to the Bird market, which is one of the few ancient city markets and the biggest of them, working only on weekends. Within a few blocks from the house you can find the theatre, the city Park, College, Antwerp zoo (one of the largest European zoos), a school, a Botanical garden. The district has a well developed network of public transport.
Antwerp is an example of an old European city, the former in some moments of its history, one of the financial and cultural centers of Old Europe. Today the value of Antwerp is largely determined by its port (in Europe only the port of Rotterdam has a higher turnover), school of fashion design, developed tourist and financial sector, and this sector of the economy, as processing and sale of diamonds.
FINANCING, INCOME, EXPENSES, PROFITABILITY
The net cost of the object
€445.000
INCOME
Current profitability
on private investment
10,02%
Rental yields months / a year
€3.500
€42.000
ADDITIONAL EXPENSES
WHEN PURCHASING
The purchase tax
12,5%
€55.625
Notary and registration
1,5%
€6.675
Commission
5,5%
€24.475
Other expenses
--
0
Project TOTAL
--
€531.775
FINANCING
Own funds
50%
€265.888
Loan amount
50%
€265.888
The effective rate
3,5%
CREDIT
The loan term, years
10
Fixed payment per month
--
€2.629
The loan payment per year
--
€31.551
OPERATING COSTS
Insurance per year
±
€805
Property tax per year
±
€1.943
Driven/service in months %
11%
€385
The repair. the Fund (% of lease)
7%
€245
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. The price is the sum which will be paid directly to the seller.
2. Equity - the totality of all spent their own funds to realization of 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 as a percentage in годоboм terms, in our calculations we opredelili her kak of 3.5%, which is certainly 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.