Tender Announcement of Southern Stendal – with 554 residential units in central location – near ICE station
Important: The auction will not be held by Court on 18.05.2017!
The residential complex has been empty since 2004 which built in 1989 – 1990. The Southern Stendal settlement which all units have balconies and is 5 minutes walk from the ICE station. A lot of renovation companies were already in the area, particularly foreign companies offers to renovation with 100.- € / sqm – depending to quality – which could be attractive for you. Construction companies confirmed that the basic substance is in good condition due to the young age. The property manager reported that former tenants of Stendal South were mainly workers from Wolfsburg, Berlin, Hanover and Magdeburg. Mr. Nehring said; there is already a list of prospective tenants, especially former tenants would like to return. Due to the fact that Auction of 18.05.2017 (including only 434 residential units of a total of 554 residential units), the residential complex will abalienate to Grundbesitzgesellschaft Stendal-SÜD mbH ,which newly- established company, at least in May. In the circumstances, it will possible to abalienate it without Share-Deal procedure. At present, the owners of lawyer Nihat Celik from Mainz have the land registration because of it, Notarization is possible in a short period of time.
Rental: Short-term rental is possible by means of a targeted circulation via social media (Facebook) with a correct target group definition within 3 months. With a banner “3 Zimmerwohnung – 6 Monate Mietfrei – WITHOUT DEPOSIT!” Within a radius of 150 km you get easily over 5,000 inquiries, from which you select the most creditworthy 554 tenants.
Wolfsburg Central Train Station destination period 28 Min.
Berlin Central Train Station destination period 54 Min.
Hannover Central Train Station destination period 68 Min
Magdeburg Central Train Station ( S-Bahn) destination period 43 Min.
Luneburger Street 2-7,
Bremer Street 2-6 + 10-15,
Hansealle 57 _ 65A + 25-39 + 2A-14A,
Lemgoer Street 2,4,6,
39576 Stedal, Germany
Minimum offer is 2.600.000 € – The tender process will end no later than 31.03.2017.
A visit is possible in the short term: house administrator is available at +49 162 – 64 90 803.
Documents & Information:
Your Chance to earn 15.802.731,20.- € in 48 months!
For Example: You buy this residantial portfolio fort 3.300.000 € an renovate it for 3.160.000.-€; than it costs max. 7.000.000.-€ completely. If all Unites are rented you get 2.280.273,12 € rental income per year.
Rent in Years: 3,07 Yield: 32.58%
Your 2. Choice: You can sell it after renovation for a yield of 10%.
Price including renovation = 7.000.000,00.-€
Rental Income per year Net = 2.280.273,12 .-€
Selling Price 10% Yield = 22.802.731,20 .-€
Profit = 15.802.731,20.- €
Time: max. 2 Years !