EXCLUSIVE AT REVESTUM! INVESTMENT OPPORTUNITY! YIELD UP TO 9.01%!
We are mediating in the sale of a house on Bolgarska Street in Ljubljana, which currently contains two separate apartments. The house is an ideal investment opportunity for someone who wants to rent out their property on a short-term basis through portals such as Airbnb and Booking.
LOCATION AND LAYOUT:
The house is located on the corner of Bolgarska and Grablovičeva streets in Ljubljana. There are currently two apartments in a total of 3 floors, which with a small investment can be converted into three independent apartments (more in the description below). The location itself is ideal for renting to tourists, as the center of Ljubljana is only a few minutes away, and the main train and bus stations are also very close, which will certainly contribute to the location and the value of the property in the years after the renovation.
DETAILED DESCRIPTION OF CURRENT APARTMENTS AND FLOOR PLANS:
Apartment 1 (attic): 2 – room apartment measuring 54.3 sqm.
Apartment 2 (floor and ground floor – duplex): 2-room apartment measuring 90 sqm.
Both apartments were renovated in 2017 and fully equipped: kitchen with all appliances, furniture, bed with mattress, sofa and more.
Other rooms: storage room and boiler room, workshop, garage, room with sauna, separate toilets, staircase. The total square footage is 116 sqm.
In addition to all the internal square footage, the house also includes a 172 sqm plot next to the house, where additional parking spaces can be made.
In the attachments you can find floor plans of the current layout as well as layouts with planned investments/renovations. In case of additional questions, we advise you to call us and we will be happy to help you.
POSSIBILITY OF CONVERTING INTO 3 or 4 APARTMENTS:
With a minor intervention, investors can convert the entire house into 3 or 4 apartments. The apartment in the attic remains intact during the conversion, while the duplex can be converted into two spacious 2-room apartments by closing the opening (stairs leading from the ground floor to the first floor). At the same time, a door opening is made on the ground floor and the existing sauna room is connected to the apartment. Now you have three apartments, an attic measuring 54.3 m2, an apartment on the first floor measuring 51.5 and a ground floor apartment measuring 49.8 m2. An additional option is to convert the rooms in the annex of the house into a studio apartment (32.4 m2). For an easier presentation, we have prepared floor plans for you before and after the renovation, which you can find in the attachments.
With the aforementioned intervention, all investors will gain from the annual income from the rental itself, as well as a quick return on investment, which you need for the renovation/remodeling itself.
SCOPE OF HOUSE RENOVATION:
The house has been almost completely renovated in the last 10 years:
2005: replacement of windows (wooden windows, double-layered with increased sound insulation)
2011: new roof and facade (additional thermal insulation – 15 cm);
2013: renovation of the water supply system and new partial connection to the sewage system; minor corrections in the electrical installation; new bathrooms built; renovation of the chimney; purchase of a new Buderus gas stove
2019: New Mitsubishi air conditioner in upper apartment
The apartment has connections for electricity, water, sewage and optics. The heating of the house and hot sanitary water is regulated by a gas stove.
Parking is possible in the garage and in the yard of the house.
Land registry is in order. The building has proper construction documentation. The condition of the seller is that the buyer takes over the real estate transaction tax in the amount of 2%.
INVESTORS: Annual return on short-term rental is up to 9.01%! Call us for more information and investment analysis!