We mediate in the sale of two floors and an independent building extension in the center of Ljubljana. The 838.5 sqm building currently consists of 27 student rooms, 6 of which have their own bathrooms, the latter can also be rented out to tourists. The building also includes 2 larger business spaces, which are already rented out, and a separate space for events.
The building is located in the center of Ljubljana, near the Poljane high school. The market and the dragon bridge are only a few hundred meters away. The Faculties of Law and Medicine, Spar, Hofer, post office, and NLB are also in the immediate vicinity. The LPP bus stop is right in front of the building (lines 2, 13 and 20).
There are currently 27 rooms on a total of two floors, of which 11 are double rooms, 10 are single rooms and 6 are double rooms with their own bathrooms. All rooms are rented out to tenants. The rooms have a shared kitchen, multi-purpose room and toilets. The building also has 2 office spaces, one of which has 2 long-term tenants, and the other is intended for rental for various business events, team building, lectures, receptions for business partners or other service activities.
ROOMS:
TOTAL NUMBER OF ROOMS: 27 existing rooms + possibility of 9 additional ones (53 beds in total)
ALREADY EXISTING: 11 double rooms, 10 single rooms, 6 double rooms with private bathroom
OPTION OF ADDITIONAL: 9 single rooms
The rental of student rooms in this building is already an established activity, namely until now they have recorded 100% occupancy (even during covid-19). Given that the renovation of the facade has already begun, the building will only increase in value. The owner is ready to sell together with the real estate the established business of renting out student rooms.
RENOVATION:
Renovation started in 2019 and finished in 2022: new electrical installations, new bathrooms and plumbing, new rooms (all new equipment), new kitchen, new heating system.
Renovation of the roof and facade is planned for 2023 (renovation of the facade has already begun), and the installation of solar cells would also be a good investment opportunity.
POSSIBILITY OF RENOVATION:
Nine more single rooms can be added to the 27 existing rooms with a small investment. The investment for the redevelopment is estimated at €28,000.
CONNECTIONS:
All communal connections are independent (own boiler room), heating is provided by the heating plant.
PARKING:
The building has 7 parking spaces.
OTHER:
There is a shortage of student rooms in Ljubljana every year, which is why rents are rising. They are particularly high in the center of Ljubljana, where the property is located.
Land registry is in order. The building has proper construction documentation.
INVESTORS: The annual return for on the current rental is up to 7.56 %, taking into accounts all costs and management charges. If the additional rooms were invested, the annual return would be 9.3 %!
Call us for more information and investment analysis!
