Shop in city Izola
3170.00 sq.m.

€ 4 100 000

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TYPE: INVESTMENT PROJECT

LOCATION: ISOLA

PRICE: 4 100 000 € with a finish or 3 600 000 € without finishing

ROI:

With the finish of 8.6%, or 11.5 years
Finishing: 10% or 10 years

AREA:

Land area: approx. 10 000 m2
Area for rent: 2 880 m2
Total area: 170 m2 3

PROJECT DESCRIPTION:

Rental income:
Room B-C-D - cost of 1 m2 - 12 EURO - total 11 520 EUROS per month
The room And the cost of 1 m2 - 12 EUROS - a total of 6 060 EUROS per month
Room E - 1 m2 - 10 EUR - 10 total EUR 800 per month

Total per month: 28 380 or 340 EURO 560 EURO per year

The tenants pay separately for real estate tax and VAT, as well as all operating expenses of the center.

In addition, you can talk about extra earnings from advertising in the center — about 15 000 EUROS per year.

Total in the year 340 € 560 rent + € 15,000 advertising = 355 560 EUROS per year

The estimated cost for the construction of the center:

The purchase of land: 2. 000. 000 (originally stated price - you can negotiate to reduce the price by at least 10%).

The construction of the centre together with the adjacent outdoor Parking: 2 500 000 EURO.

If we talk about the surrender of land by tenant to enter the cost of construction of about 2 000 000 EURO. The contracts will be signed for 10 years with small tenants for 15 years with a large grocery chain.

Total: 4 100 000 EURO trim or 3 600 000 EUROS without finishing.

There is also the opportunity to build on the site a car wash and a restaurant.

FUNDING:

Can you raise funding at least 50%-60% of the cost of construction of the center, which would increase the payback period by almost 2 times, as the effective borrowing rate is 1.5% (you need to understand that the loan is paid every month and therefore the interest paid on the balance of the loan).

The most relevant investment options:

The purchase of land on credit
The construction of the center and parallel premises for sale
The construction of the center without finishing for rooms A-B-C-D


Seller information

Seller type Agency
Company FUTURE REALESTATE

Location of the property on the map

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