Land in city Mönchengladbach
850.00 sq.m.

€ 424 000

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Germany. Monchengladbach. Plot of land with investment project and high yield.
The investment land plot in Germany 41239 Mönchengladbach, North Rhine-Westphalia
Area 830 m2
Object code id16155
Price 600 000 €
Monchengladbach
Year built 2020/2021 G.
Status: free
Annual income 239 040 €
New construction on the plot, B1,2 km away from mönchengladbach city centre
The price of the plot with permissions 424 000 €
Monchengladbach
Year of construction 2020~2021.
The total land area 830 m2
Property description
The facility is located in the neighborhood with primarily new construction – apartment 3-storey houses and cottages, in close proximity to large chain supermarkets, bus stops, gas stations.
Development project
First floor Municipal kindergarten for 5 groups, 830 m2.
There is a preliminary agreement with the relevant operator is ready to sign a long term contract of 10 years with an option to extend for another 10 years.
Second floor – Medical institution (WG), 830м2. There is a preliminary agreement with the relevant operator is ready to sign a long term contract of 10 years with an option to extend for another 10 years.
The Economics of the project
As mentioned above Monchengladbach is a major economic city.
The selling price of 1 m2 ~ € 3000.
Expected rental income
1. Kindergarten:
This month: 830 m2 * 13,50 €/m2 = 11 205 €
For the year 11 205 € * 12 months. = 134 460 €
1. Medical facility (WG):
This month: 830 m2 * 10,50 €/m2 = 8 715 €
For the year: 8 715 € * 12 months. = 104 580 €
Total for the year: 239 040 €
The required own capital of 600 000 €
Bank financing 70%
The overall profitability of the project if it remains in the ownership of, previously 20%
Construction costs new building total of 3 363 025 € (the price includes the price of land, the project work of the architect, the construction, real estate development services).
The estimated project implementation period will be from 1 to 2 years, the optimal settlement term
the implementation of the project – 1,5 years.
Legal form of company
Option 1. Create GmbH & CO. KG Limited partnership (KG) – all investors are on an equal footing with members of the partnership. For example, in the case of 10 equal members of the Association the minimum fee is set at 3% of the required equity capital for each member of the partnership, i.e. 102,500 €.
Option 2. The creation of a GmbH in the case of one investor who is willing to Finance the required equity of the Project in the amount of 600 000 €.
Option 3. Otherwise, according to the wishes of the Investor.
Further scenarios
Option 1. Building and populating the object with tenants, you can continue to successfully operate, having a constant guaranteed passive income.
Option 2. Building and populating the object with tenants, you can sell it as a going profitable business, with these types of facilities are acceptable yield of 4%...5% per annum, which will provide earnings in the amount of about 1.4...2.5 million €.
Option 3. Building and populating the first object with tenants, there are all prerequisites and opportunities to build a network of such objects.
Risks
Given the social priorities of the domestic policy of Germany, it can be concluded that social and medical facilities are and will be under the control and patronage of the state, municipality and insurance companies/sickness funds, therefore, risk assessment of the Project is minimal.
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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