Investment property consisting of 6 independent apartments in Heerlen.

This excellently maintained residential investment property is offered at Bokstraat 43, 43A, 43B, 45, 45A and 45B in Heerlen, consisting of six fully independent apartments. The complex will be completed in 2022 and offers investors an attractive combination of sustainable construction quality, a solid rental flow and limited short-term maintenance obligations.
The apartments are spread over two adjacent buildings and each have their own entrance, kitchen, bathroom, sanitary facilities and individual installations. Thanks to the modern finishes, energy-efficient facilities and practical layouts, the homes are attractive to a broad target group of tenants, including starters, singles, couples and small families.

Composition of the object

Bokstraat 43
Apartment 43 (ground floor) – approximately 100 m²
Apartment 43A (first floor) – approximately 53 m²
Apartment 43B (maisonette first and second floor) – approximately 84 m²
Bokstraat 45
Apartment 45 (ground floor) – approximately 98 m²
Apartment 45A (first floor) – approximately 53 m²
Apartment 45B (maisonette second and third floor) – approximately 69 m²
Total living area: approximately 457 m²

In addition, the property has a spacious outdoor area with 10 private parking spaces.

Sustainability and amenities
The complex was built with attention to energy efficiency and living comfort. All apartments have:

Energy label A+++
Own heat pump installation
Plastic frames with HR++ glazing
Modern kitchens with built-in appliances
Fully finished bathrooms
Own meter cupboards and facilities
Low maintenance requirement
Thanks to the sustainable installations, tenants benefit from low energy costs and the object meets current and future requirements within the rental market.

Rental yield
The current total rental income is:
€6,219 per month
€74,628 per year

In addition, there are opportunities to generate additional income from the rental of parking spaces.
Four parking spaces can be rented separately for approximately €75 per space per month, resulting in additional revenue of:
€300 per month
€3,600 per year
This brings the potential total rental income to:
€78,228 per year
Return
Asking price: € 1,049,000, buyer’s costs
BAR (Gross Initial Yield)
Based on the current rental income:
€74,628 ÷ €1,049,000 × 100 = 7.11% BAR
Including rental of the extra parking spaces:
€78,228 ÷ €1,049,000 × 100 = 7.46% BAR
NAR (Net Initial Yield)
The exact NAR depends on the actual operating costs, such as:
building insurance;
owner’s municipal charges;
possible management;
reservations for maintenance;
vacancy risk.
With a conservative cost item of approximately 10% of the gross rental income, this results in an indicative:
NAR current: approximately 6.40%
NAR including additional parking revenues: approximately 6.70%
An exact NAR calculation can be drawn up as soon as the annual operating costs are available.

Investment profile
This object is distinguished by the combination of:
Six self-contained apartments;
Full rentability;
Sustainable installations and energy label A+++;
Relatively young architectural status (2022);
Strong current cash flow;
Possibility to further optimize rental income;
Multiple parking spaces on site.
This makes it an interesting residential investment property for both private investors and professional investors who are looking for an immediately profitable real estate investment with a solid return perspective.