Norströmsgatan 14A

RESIDENTIAL PROPERTY IN CENTRAL ASKERSUND

Stable cash flow, low vacancy rate and development potential for approximately 26 new homes

There is now an opportunity to acquire a centrally located residential and development property in Askersund – a municipality with clear growth, positive population development and a broad, growing business community. The property offers both stable rents and a highly attractive development opportunity through the potential to construct approximately 26 new homes (planning permission required, a sketch has been prepared).

This is a rare opportunity for investors seeking a combination of a secure cash flow base and long-term value growth.

ASKERSUND – A MUNICIPALITY WITH GROWTH AND DEMAND

Askersund has seen stable population growth over the past ten years and recently passed 11,500 inhabitants. The municipality continues to show clear growth, driven by:

in-migration from Örebro, Kumla, Motala and Linköping

an attractive living environment by Lake Vättern

a strong and diversified labour market

good commuting opportunities

a significant housing shortage in central locations

The municipality's development forecasts point to continued growth in both population and employment. The vacancy rate in modern housing is very low and there is a shortage of newly produced apartments in the town centre – something that makes this property particularly interesting from a development perspective.

A BUSINESS COMMUNITY THAT IS BROADENING AND GROWING

Askersund's business community continues to develop and is characterised by stability and expansion across several sectors:

industry and manufacturing, for example Zinkgruvan Mining and Setra

logistics and warehousing with proximity to road 50 and the E20

retail, restaurants and services

the construction and civil engineering sector

a growing visitor industry with over 500,000 visitors per year

The municipality's geographical location between Örebro, Motala and the Askersund archipelago, along with good labour availability and a low vacancy rate in both housing and commercial premises, gives property investments in the area good future prospects.

FACT SHEET – A PROPERTY WITH IMMEDIATE POTENTIAL

Property type: Residential/project property

Address: Norströmsgatan 14 A & B

Property designation: Askersund Södra Väderkvarnen 1

Plot area: 1,380 sqm

Total area: 2,704 sqm

Area overview

Let area: 744 sqm (27.5%)

Vacant area: 1,960 sqm

Total BOA: 494 sqm

LOA let: 250 sqm

LOA vacant: 1,780 sqm

The large open and vacant areas provide very good conditions for conversion or new construction.

DEVELOPMENT OPPORTUNITY – POTENTIAL FOR APPROX. 26 NEW HOMES

Potential for approximately 26 new apartments (planning permission required)

Sketch prepared

Municipality positive towards central housing projects

Low vacancy risk in modern housing

Highly attractive development property in the town centre

FINANCIALS – UPDATED FIGURES FOLLOWING RENT INCREASE (4.4%)

Rental income as of 2025-12-01

SEK 726,354

Rent per sqm: SEK 976/sqm/year

Operating costs

Electricity: SEK 225,918

Water/sewage: SEK 41,973

Waste: SEK 14,794

Insurance: SEK 31,493

Total operating costs: SEK 314,178

Net operating income and yield

Net operating income: SEK 412,176

Yield: 5.15%

Price per sqm: SEK 2,957

The property has a large vacant area, which means that the net operating income can increase significantly through letting or development.

DETAILED AREA BREAKDOWN (BOA/LOA)

BOA – distribution

43 sqm

43 sqm

43 sqm

43 sqm

31 sqm

31 sqm

31 sqm

29 sqm

80 sqm

120 sqm

Commercial premises

250 sqm

180 sqm

1,780 sqm – vacant, unoccupied

PROPERTY INFORMATION

Year built: 1944

Renovated: 2006

Heating: Ground-source heat pump (6 boreholes of 170 m each, installed 2007)

Facade: Render

Roof: Tile

Windows: Double-glazed

Water/sewage: Municipal

Mortgage deeds:

Number: 2

Total amount: SEK 4,000,000

Assessed value 2022:

SEK 7,728,000

Type code 321 – rental property unit, residential and commercial premises

Energy data:

Primary energy number: 95 kWh/m²/year (2022-06-08)

Primary energy number: 101 kWh/m²/year (2022-04-13)

Energy performance: 58 and 61 kWh/m²/year

SUMMARY

The property offers:

stable income from day one

1,960 sqm of vacant area with very good development potential

the opportunity to construct approx. 26 new homes

a low price per sqm

a central location in a growing municipality with high demand

strong long-term yield potential

This is an unusually attractive and developable property for property developers, housing companies, institutional investors or private actors seeking a combination of cash flow and value growth.

The property is sold via a corporate entity.

Contact Lejon for further information.