Description
**The object of the universal destination with excellent facade **
Location: Ganshoren land Area: 1500 m2 Total area: 1500 m2 Year of construction: 1975 Number of floors: 3 Number of units: 3 the Technical condition of the object: Good Leased: 50% equity: 492 938 Euro total Cost: 825 000 EUR leverage: Yes Rate on Bank loan: 3,5% Rental yield: 6 200 Euro Current return on investment: 9.5% of the Management company: Yes Accounting support: Yes Tax support: Yes a Hands-off investment: 100%
This object provides an excellent opportunity to implement various projects of any orientation and style, from conservative to trendy. The offered property implies the reconstruction (permission for construction works is obtained) and comprises trade area, with large areas of open-plan and two lofts, an area of 180 sq.m. each, located on the upper level. Trading area of approximately 1000 square meters represented by areas on the ground floor and in the basement. First loft has a terrace are 26 sqm, three bedrooms, two bathrooms, and the second loft - four bedrooms, two bathrooms and a terrace of 37 sq.m.
The object itself is located on a busy thoroughfare of Brussels, Avenue Charles the Fifth, linking the area Ganshoren with area Berchem-Sainte-Agathe. The prospect is mostly little - and middle-rise character development and full of various shops, hotels, clubs. From the nearby attractions highlight the legendary Basilica of the sacred Heart, built in Art Deco style, as well as several parks (Park Elizabeth Park Savelevel, Park Mulde). I want to particularly emphasize the closeness of this object to a large number of important transport routes of Brussels.
FINANCING, INCOME, EXPENSES, PROFITABILITY
The net cost of the object
€825.000
INCOME
Current profitability
on private investment
9.5%
Rental yields months / a year
€6.200
€74.400
ADDITIONAL EXPENSES
WHEN PURCHASING
The purchase tax
12,5%
€103.125
Notary and registration
1,5%
€12.375
Commission
5,5%
€45.375
Other expenses
--
0
Project TOTAL
--
€985.875
FINANCING
Own funds
50%
€492.938
Loan amount
50%
€492.938
The effective rate
3,5%
CREDIT
The loan term, years
10
Fixed payment per month
--
€4.874
The loan payment per year
--
€58.494
OPERATING COSTS
Insurance per year
±
€1.426
Property tax per year
±
€3.441
Driven/service in months %
11%
€682
The repair. the Fund (% of lease)
7%
€434
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.