Beleggingpand in Rotterdam verkocht

8/15/2024

The status of the investment property is changed to 'sold'.

This investment property was published on our platform in 11 juni 2024. We congratulate the seller on the sale.

Asking price: Not available
Rental price: € 22.200

At the time of publication we used the following description:

Flat with room-rental permit. Located in Rdam West in a distinguished neighbourhood, 6km from Erasmus University and 100m from metro Coolhaven. Three spacious bedrooms each with its own private bathroom & kitchinette......Losing the washing machine, very no space is shared, so effectively 3 independent studios. Location is highly sought after by students from Codarts, STS, RSM (Rdam School of Management) and Rdam Business School. Room rental permit from Rotterdam municipality on the property, for 3 residents and they can register neatly.

Additional info:

Turn Key: the studios are fully furnished, upholstered and equipped.....This allows a higher rental price and minimises relocation problems, this is in everyone's interest.
Landlord has deliberately chosen to rent to internationals. Unlike NL tenants, rental yield is maximised and tenant inconvenience is minimised. Also, infinite rental stays are avoided, so landlord remains boss-in-home. The Demand for this kind of housing in Rotterdam far exceeds the Supply and will remain so for the foreseeable future. As a result, concluding one-year leases is in many ways very much in the landlord's interest. Unsuitable tenants can therefore be parted with but pleasant tenants can be offered a new contract.
Rental contracts intentionally run for 6 or 12 months (Aug 1 to July 31) and cannot be shortened.
This letting format is aimed at maximising rental income per sq m and with this location, it works very well. Vacancy/loss of rent due to rent arrears less than 1%
Seller offers to buyer cost-free the services of current manager M2 StudentHousing.nl. This up to 3 months after purchase. This is to ensure a smooth conversion, no disruption in letting, no nervousness among tenants and the new landlord can calmly come into his role. This offer is a favour: must not, may not. Perhaps the buyer will want to continue with this manager M2 after this period, in which case it is further up to the buyer and manager M2.
The one-year contract is a conscious choice of landlord and strength offer, not a weakness.
Rental licences will not be issued in 2024/2025, and the expectation for after that is low. So this property is a unique and sound investment. Demand will be unabated in the target group of internationals (senior students & young professionals).
Legally, the 3 studios are so-called 'unfree housing' but 3 independent living spaces.
Highly desirable location for both rental and sale. View of the Schie and the Rotterdam skyline. 15 minutes cycling distance from the city centre.
Mortgage financing by seller is negotiable.
Current rent: € 22,200 basic rent per year.

Forecast rent per Aug 2024: € 28,800 bald rent per year

An overview of the rental agreements is available on request.