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Property for sale information

 
Student Apartments as Investment!/3006  
Reference nr: 3006
Description:

Apartment 20 m²

MyStudio implements an innovative and intelligent concept, which is a successful development of a new real estate niche for an interesting target group.
MyStudio offers career-minded students and graduates comfortable apartments, where they can concentrate on studying and enjoy their comfortable living at the same time.
The modern furnishing of MyStudio apartments combines functionality, quality and spirit of innovation. Living area of the apartments is between 20 m² and 36 m².
In MyStudio you will also find generous community areas as well as services, which all together turn students’ habitation into attractive community life.

The unit will be reconstructed completely. Energy-efficient materials will be used for constructing of exterior and interior parts of the building.
Community Lounges furnished for cooking and TV as well as sauna and fitness areas offer young and trendy people high class lifestyle and comfort.

Moreover: The colorful and light concept of the designer Otto Günter Altena makes MyStudio Bonn a masterpiece of habitation, studying and living!


Details:

- over 60 attractive apartments
- complete furnishing
- living area 22 to 25 m²
- 2% linear amortization and added amortization on furniture units (10%, 10 years)
- the university is only few train minutes away
- about 200 m to Duisdorf Train Central Station
- designer concept of Otto Günter Altena
- Selling price approx. Euro 2.775 ,- m² living area
- Rental excluding service charges approx. 14,- Euro/ m²/ month
- over 6 % of return (before deduction of administration costs)
- reserve for maintenance about € 1,- / m² living area / month
- Extras: Wellness area, cooking lounge, TV-Lounge
- Estimated start of contraction September 2008
- Estimated completion: March 2009

Location:

MyStudio Bonn offers 60 Comfort Apartments on 3 floors – in the heart of the quarter neighboring to the downtown of Bonn, the famous university town. Well developed infrastructure allows to reach shopping facilities on foot or on a bike. The bus and the train stations as well as the high way are easily to reach.

Bedrooms: Bathrooms: Price (€):
1 1 57,615
Features:
Submission Date:
11-06-2008
Last Update:
03-19-2009
Advertiser Details:


Name:
Bruno Friedl

Company:
INRES international, investment & real estate

Phone:
0049-8031-941287
Fax:
0049-8031-941588
Mobile:
0049-176-23 35 97 98

 
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Calculators

 
Property price: €57,615
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations