Investment project in Tonisvorst, Germany, 523 m²

Germany. Tönisvorst. Investment project - construction of a multi-apartment residential building. North Rhine-Westphalia Investment project: land plot in the very center of the city, 47918 Tönisvorst, 523 m² (plot area 429 m²) Property ID: 16847 €418,593 Property Type: Investment Projects Floors 1-2-3 Total Area: 523 m² Property Status: Available Number of Rooms in the Project Annual Income (Actual) €143,368 (34.25%) The project includes the construction of one semi-detached corner residential building with parking spaces and utility rooms in the basement. Plot area: 429 m² Total Living Area: 523 m² The sale is planned at €3,850 per m². 8 parking spaces near the buildings. The sale is planned at €17,500 per space. Architectural planning is under development, and a building permit is pending. Key financial characteristics of the project Investors are offered participation in the project with a contribution of €418,593. Total project costs will be €1,796,749. The cost of selling the apartments and garages will be €2,153,550. The estimated profit for the project will be €356,800. Investor income: €143,368. Return on investor investment: 34.25% The estimated project implementation period is 2 years. Currently, the possibility of increasing the building's floor area by one apartment is being discussed with the city. If approved, the project's profitability will increase. Additional information is available upon request. We will sell your apartment or house. We have a selection of apartments and houses for various budgets, including commercial properties.