Sjögatan 4A

Attractive and contiguous residential portfolio in Grythyttan comprising a total of 32 apartments on two floors, distributed across 3 properties and 6 buildings. Major renovations have been carried out in recent years. In total, 11 apartments totalling 1 024 sqm have been fully renovated in the last year. Rental income amounts to 2 160 000 per year (fully let). Operating costs amount to 828 000 according to the breakdown below. The let residential area totals 2681. New district heating has been connected to 4 of the 6 buildings; all buildings now have district heating, as two already had it when the seller purchased the properties.

Price:

12 995 000

Yield: 10,25 %

Price per sqm: 4847

Rental income:

2 160 000

Rent per sqm: 805 kr/sqm/year

DOU:

Electricity: 60 000

Snow clearing, lawn mowing: 18 000

Ongoing maintenance 50:-/m2/year: 144 000

Waste, water and sewer (35k quarter): 144 000

Insurance: 36 000

Fibre internet: 36 000

District heating: 390 000

Total: 828 000

DOU per sqm: 309

Net operating income: 1 332 000

Net operating income per sqm: 497

Building information:

Addresses: Sjögatan 2,4,6

Facade: Wood

Windows: Triple-glazed/double-glazed

Heating: District heating

Foundation: Concrete slab

Roof: Concrete tiles

Frame: Wood

Floor slabs: Wood

Year built: 1966/1976

Mortgage deed: 5 600 000

Tax assessment value: 8 381 000

Area: 8 460 sqm

Assessment code: Rental housing unit, residential, type code 320

For sale as a limited company (AB). Contact Lejon for further information about the process!