Järnvägsgatan 12

A unique renovation opportunity where you have the chance to create a highly favourable deal in central Karlskoga. The possibility, via a very high reverse bond (revers), to carry out a major renovation of the residential units, where final payment takes place once the bank has granted final financing after the completed renovation.

Price 9 million

Revers 7 million (24 months at 3 % interest secured by a first mortgage on the property)

Renovation 8 000 000 (estimate only)

Valuation upon completed property: 26 015 200

Yield: 6,25 %

Area: 1500 sqm

Estimated living area: 1 168 sqm (Rent newly renovated 1700 kr/sqm/year)

30,3 sqm = 4292 kr/month

29,6 sqm = 4193 kr/month

59,8 sqm = 8 485 kr/month

Estimated Loa 270 sqm

Rent renovated:

(1200 kr/sqm/year)

Distributed:

150 sqm: 15 000 kr/month

120 sqm: 12 000 kr/month

Rental value:

2 309 000

Operation and maintenance:

683 050 (475 kr/sqm/year)

Net operating income: 1 625 950

Yield: 6,25 %

Value: 26 015 200

Price: 9 000 000

Revers: 7 000 000

Payment at purchase: 2 000 000

Renovation cost: 8 000 000

Value after renovation:

26 015 200

Bank financing (60 % 15 609 120)

Payment of the revers takes place at final financing.

Outlay:

17 000 000

Value:

26 015 120

Profit: 9 015 120

Outlay of own capital after final financing and paid revers: 2 000 000

Return on own capital: 225 % based on the renovation taking 24 months.

The property is located in the middle of central Karlskoga, approx. 50 metres from the central station. Karlskoga is a city with a highly expansive business sector and large order inflows from, among others, BAE system Bofors and SAAB thanks to Sweden's build-up of its defence.

Property designation:

KARLSKOGA DUVAN 10

Site leasehold (tomträtt):

Grant date: 1965-12-01

Annual fee: SEK 69 520

Fee start 2021-12-01

Premises area

1500 sqm

Plot area

1 019 sqm

Year of construction:

1966

Assessment code:

325

Mortgage deeds

12 pcs, Total: 5 000 000

Assessed value:

6 367 000 per 2022

Property tax per year:

63 670

Energy class C

Energy performance:

89 kwh/sqm/year

Building:

Heating:

District heating

Facade:

Render

Windows:

2-glazed

Roof:

Felt (papp)

Energy consumption:

Consumption:

89 121 KWH per year 2021

Ventilation system:

FTX

Elevator available

For sale as a property or in NYAB