Kruthusvägen 46

Property portfolio with 100 % residential and fine potential

The portfolio comprises a total of 17 terraced/semi-detached houses with a fine opportunity for enhancement.

12 semi-detached houses

1 terraced house

4 villas

Family-friendly area close to both preschool and school. Swimming spot within a couple of hundred metres of the terraced houses. This makes the area very attractive, and there is always a long housing queue as Karlsborg has a general housing shortage.

The total lettable area amounts to 1890 sqm

The total land area amounts to 8081 sqm

The annual income amounts to 1 388 000

734 kr/sqm

Operating costs amount to 66 200 :-

Joint facilities fee for Kruthusvägen 32A of; 24 600kr.

Property insurance; 41 600kr.

(Note that 16 of 17 tenants pay their own operating costs)

The tenants take care of lawn mowing and snow clearing themselves. The tenants pay for water and sewage, heating, electricity and waste collection themselves. Heating via air/water boiler.

Maintenance: 94 500 :- (50 kr/sqm/year)

Net operating income incl. maintenance:

1 227 300

Yield:

CA 7.2 %

Price per sqm: 8895

K/T 2.24

Deed of mortgage; 6 745 200kr

Total assessed value:

13 506 000kr

The average price in the area per property amounts to approx 1 600 000. Contact Lejon for statistics

Potential:

1. The standard rent for older apartments that are not terraced/semi-detached houses in Karlsborg amounts to 1035 kr/sqm/year, which is considered low in the country compared with other similar towns.

The portfolio has a rent of 734 kr/sqm/year and here both garden, fibre and free parking (garage, parking space, carport) are offered

2. The purchase of subdivided properties creates opportunities

3. Karlsborg is a growing municipality with a large housing shortage

4. Fine family-friendly location with good transport links and proximity to preschool, school and swimming spot

5. 35 mil beach – Göta Kanal – Tiveden - The Fortress

6. ”Military town” – Airport -

7. No vacancies or rent arrears

8. Extremely easy management as the tenants have a large responsibility

Karlsborg

7000 inhabitants

Largest private employer

NAMMO SWEDEN AKTIEBOLAG

Number of employees, Nov 2019

Number of employees: 175

Largest public employer

FÖRSVARSMAKTEN

Number of employees, Nov 2019

Number of employees: 725

LOCAL SERVICES:

Karlsborg is the small municipality with the magnificent location by the shore of Lake Vättern. Here you find most of what concerns a good living environment, beautiful nature, boating and outdoor life and a well-developed community service. Karlsborg is a town and the central locality of Karlsborg Municipality. The town is bounded in the west by Bottensjön. The Göta Canal divides the town centre from the residential blocks in the north. The municipality has good infrastructure, low unemployment and an increase in people moving in.

Description:

The houses predominantly have; Plastic flooring in hall, bedroom and kitchen. Parquet flooring in living room. White cabinet fittings in kitchen. Wet room flooring and wet room wallpaper in hygiene rooms. Wc, washbasin, shower and bathtub. All units have their own laundry facilities.

Hjortronstigen 14, Tusenfotingen 27 1 floor 110 sqm 5 rooms and kitchen

Hjortronstigen 12, Tusenfotingen 28 2 floors 107 sqm. 4 rooms and kitchen

Hjortronstigen 10, Tusenfotingen 29 2 floors 107 sqm. 4 rooms and kitchen

Hjortronstigen 8, Tuusenfotingen 30 2 floors 107 sqm 4 rooms and kitchen

Hjortronstigen 6, Tusenfotningen 31 2 floors 107 sqm 4 rooms and kitchen

Hjortronstigen 5, Ekoxen 6 1 floor 107 sqm 4 rooms and kitchen

Hjortronstigen 4, Tusenfotingen 32 2 floors 107 sqm. 4 rooms and kitchen

Hjortronstigen 2, Tusenfotingen 33 2 floors 107 sqm 4 rooms and kitchen

Björnbärstigen 11, Skorpionen 6 2 floors 107 sqm 4 rooms and kitchen

Björnbärstigen 9, Skorpionen 5 2 floors 107 4 rooms and kitchen

Björnbärstigen 7, Skorpionen 4 2 floors 107 sqm. 4 rooms and kitchen

Björnbärstigen 5, skorpionen 3 1 floor 107 sqm 4 rooms and kitchen

Björnbärstigen 4, Ekoxen 2 2 floors 110 sqm 5 rooms and kitchen

Björnbärstigen 3, Skorpionen 2 2 floors 107 sqm 4 rooms and kitchen

Björnbärstigen 1, Skorpionen 1 2 floors 107 sqm 4 rooms and kitchen

Kruthusvägen 46, Nyckelpigan 3 1 floor 110 sqm 4 rooms and kitchen

Kruthusvägen 32 A, Tusenfotingen 16 2 floors 139 sqm 5 rooms and kitchen.

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TECHNICAL INFORMATION

BUILDING:

Year built: 1990

Foundation: Slab on grade/Crawl space

Frame: Timber

Floor structure: Timber

Facade: Wood panelling

Roof: Tiles

Window type: 2 and 3 glazing

Water/sewage: Municipal

Heating: Air/Water in all units

Renovations in the last 3 years

Ekoxen 6; Painted facade, interior painting, new kitchen doors etc. Tusenfotingen 29; Renovated bathroom, interior painting. Nyckelpigan 3; Facade painting, interior painting, partial renovation of bathroom etc. Tusenfotingen 32; Interior painting etc. Roofs in need of cleaning have been flushed. All fans have been renovated, everything replaced.

The rent for Kruthusvägen 32A is higher due to heating and water being included in the rent through a fee of 2050kr paid to a joint facilities association of which this is part.

Information about the transaction:

The properties are sold through a company transaction. For more info contact Lejon!