Factor 23: Newly built plot for 6-MFH with approx. 390 m² living space, 6 parking spaces in a good, quiet location

On offer is a building plot with existing planning permission for a 6-family house with 6 outdoor parking spaces.
The living space is approx. 390 m², if balconies are included at 50% and the terrace areas on the first floor at 25%.
The calculated annual rent is approx. € 71,100 including parking spaces (€ 14.50 basic rent per m² and € 45 per parking space per month).
The planning and building permit costs are included in the purchase price.
The building construction costs amount to approx. € 1,050,000 ready for occupancy according to the latest fixed price offer from the general construction company.
Assuming this, the new building including ancillary land acquisition costs (approx. 8.5 %) has an ROE factor of around 23 or approx. 4.35 % return per year.
The offer price refers to the purchase price of the land including building permit.

The property is located in Hürth-Hermülheim in a quiet residential street with neighboring buildings mainly from the 1990s. Very good infrastructural connections are available: The A4 highway exit is approx. 5-10 minutes away by car and the KBV streetcar stop "Hermülheim" on line 18 is a good 5-minute walk away. Stores for everyday needs, bakery, restaurants, pharmacy, bank branch etc. are in the immediate vicinity.
Conclusion: the direct and fast connection to Cologne city center, excellent infrastructure on site as well as the architectural attractiveness and modernity speak for the best quality of living and life, which guarantees a very good rental opportunity.