Club investments in the construction of a 10-apartment building in Berlin.
Description
The essence of the project: the purchase of a site, obtaining a permit for the construction of a 10-apartment building, the sale of apartments.
The municipality has already approved the pre-project permit.
Project term: 18 months.
The required investment is 2,100,000 €.
The project costs are 3,712,733 €.
Sales price is 4,478,095 €.
Profit before tax 765,362 €.
Investor IRR 11% p. a.
The distribution of profits between the investor and the developer is 70/30 in favor of the investor.
The project is located in the Tempelhof district, which is situated in the northeast of the Tempelhof-Schöneberg area.
There is a developed infrastructure, a lot of entertainment here, but this area is generally quieter than Mitte or Kreuzberg. The main attraction of the area is one of the best zoos in Europe.
