Investment project in Bochum, Germany, 1 817 m²

Germany. Bochum. Investment project - construction of an apartment building, with permit. North Rhine-Westphalia. Investment project: land plot with a residential building plan in 44866 Bochum, 1,817 m² (3,000 m²) Property ID: 17185 Online viewing Remote purchase €1,585,640 Property type: investment projects Project floor Total area: 1,817 m² Property status: vacant 23 apartments / 18 garages / 5 parking spaces Annual income (actual) €531,714.60, or 33.53% (in euros) of the investment. € Project Key Features The project includes the construction of a residential complex with 23 apartments, 18 underground garages, and 5 adjacent street parking spaces. Plot area: 3,000 sq. m. Total living area of ​​the apartments: 1,817 sq. m. Building with 23 residential units (sq. m). Garages/parking: 18/5 units. The project is ready, has been approved, and construction can begin immediately. The investor is offered equity participation in the project based on their own contribution of €1,585,640. Construction financing for the remaining amount will be provided by a German bank, guaranteed by our German company. Total project costs will be €6,481,242.79. Apartments are planned to sell for €3,900 per sq. m. Sale of 1 underground parking space for €23,000 Sale of 1 street parking space for €8,500 Total: - Apartments for sale for €7,088,172 - Underground garages (18 units) for sale for €414,000 - Parking spaces near the building (5 units) for sale for €42,500 The total sale price (apartments and garages) is €7,088,172.00. The total estimated profit for the project is €1,063,429.21. The investor's return will be €545,714.60, or 33.53% of the investment in euros. The project is planned to be completed in 18 months. Buyer's commission is 3.57% of the project price. Additional information is available upon request. We'll sell your apartment or house. We have a selection of apartments and houses for various budgets, including commercial properties.