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708397 | Munich profit of the project 9.8 M consists of fif

Munich profit of the project 9.8 M consists of fif
Type: buy
Price€24.600.000,00
Seller
Quantity: 1
Availability: yes
Location: Munich , Germany

Munich profit of the project 9.8 M consists of fifty apartments Redevelopment of a residential building in Germany.

Total area: 3,300 m²

  • Land area: 3,000 m²
  • 4-floor building
  • Number of parking lots: 12
  • IRR 15.0%

Investment project.

Description

The project includes the renovation of the residential four-story building.

The total area of the building is 5,000 m².

The house consists of fifty apartments.

The building is provided with the parking for 37 cars.

Financial performance

Purchase price of the building —  24,6M

Project entry costs — 24,841,500 €.

Renovation costs — 5,800,000 €.

Total costs — 30,641,500 €.

Equity — 18,384,900 €.

Amount of financing — 12,256,600 €.

Sales revenues — 40,500,000 €.

Profit of the project — 9,858,500 €.

IRR of the project — 15%.

Project term — 24 months.

To move forward:

 

-       Buyer / Buyer Rep to sign asset specific NCND/MFA

-       Buyer to submit Non-binding LOI and POF to connect with seller.

Make an Offer / Ask Seller a Question
 
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