Land in city Dusseldorf
3000.00 sq.m.

€ 8 707 992

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Germany. Dusseldorf. Plot with project construction of apartment buildings for investors. High income.
Investment project in Germany the construction of a new apartment building (land plot of 3000 m2)
The type of the object Land
Code object id 15756
The price of the object 8 707 992 €
Dusseldorf
Total area: construction area of 2200 m2, land 3000 m2
The object is free
Annual income: 2200 m2 * € 5,000/m2: 11 000 000 €
Full description:
The offer for the investor
A preliminary calculation of the construction
apartment buildings in Dusseldorf
Lot description
Plot size 3000 m2 is located in one of the most prestigious areas of Dusseldorf, where the population with high incomes.
Possible construction projects:
Apartment building with 28 apartments and underground garages
Total residential construction area of 2200 m2
Costs
1. Purchase of land: 3 100 000 €
2. Purchase tax (6,5%), broker (6,0% + VAT), notary public (1.5% + VAT) = 201 500 + 221 340 + 55 335: 478 175 €
3. Construction: 2200 m2 * 1900 €/m2: 4 180 000 €
4. Architect and design and estimate documentation (max 10%): 440 000 €
5. Total: 8 198 175 €
6. Development and project management (10% of p. p. 2-5):509 817€
7. Total: 8 707 992 €
Revenues from sale of apartments : 2200 m2 * € 5,000/m2: 11 000 000 €
The period of construction, the estimated 18-24 month
The beginning of sales: Immediately after the execution and approval of design estimates
The estimated rate of return of 27.5%
The possible involvement of Bank financing depending on the configuration of the transaction
There is a choice of apartments and houses in various budget, including commercial facilities.

Seller information

Seller type Agency
Company YouLand

Location of the property on the map

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