Kyrkvägen 2A

SOLBERGA 5:3 – TORSÅKER, HOFORS

A modern and well-maintained residential portfolio with strong cash flows and very good long-term potential

Solberga 5:3 constitutes an attractive and long-term stable residential portfolio in the heart of Torsåker, a pleasant town about 12 minutes from Hofors. Here is offered a well-managed property consisting of two apartment buildings built in 1992, with a total of 20 apartments and a rentable residential area of 1,461 sqm. The portfolio is of a modern standard where tenants live comfortably with proximity to services, nature and good transport links.

With a normalised net operating income of approximately SEK 1,076,000 per year, the property achieves a very attractive direct yield – a level that is hard to beat in the segment for modern residential properties in smaller towns with stable demand.

Building and technical standard

The property is in generally good technical condition. The buildings have rendered facades, lightweight concrete structures and roofs clad with clay tiles. Heating is provided via ground-source heat in combination with an electric boiler, which gives energy-efficient operation and predictable costs. The ventilation is mechanical supply and extract air with heat recovery.

The apartments are in a well-maintained standard with 1990s kitchens and bathrooms, many with glazed balconies. All apartments have their own laundry equipment, and the building is equipped with a lift in one of the stairwells. The property requires no major maintenance measures in the short term, making it very easy to manage.

Rental income and finances

The property is fully let and generates stable and well-distributed income.

Total income amounts to just over SEK 1.78 million per year, most of which consists of residential rents. Income from garages and parking spaces further contributes to the cash flow.

Operating and maintenance costs are low relative to income, mainly thanks to energy-efficient heating and ongoing structured management. The normalised net operating income is estimated at approximately SEK 1.08 million per year, which provides good resilience even if the cost situation changes over time.

Management and tenants

Vacancies are virtually non-existent, and only occasional parking spaces stand empty at times. The tenants mainly consist of long-term residents, and demand in the area is stable, creating a secure and continuous income for a new owner.

Summary – Lejons Mäkleri's assessment

Solberga 5:3 is a well-maintained, energy-efficient and financially robust property with a stable tenant structure and good returns. The combination of low operating costs, full occupancy, good standard and attractive pricing makes the portfolio a very interesting acquisition for investors seeking a secure and worry-free residential property.

The property is strategically located in Torsåker, one of Hofors municipality's most popular towns, with good access to nature, services and commuting opportunities. Hofors municipality works purposefully on developing both living environments and business life, giving the area positive future prospects.

Lejons Mäkleri acts as advisor in the transaction and is available for further information, viewings and financial reviews.