Sale

Parking Spot in Kyrdjali, Centyr

KyrdjaliCentyr
Published: 8 December 2023 Updated: 8 December 2023
Sale11,248 €562 €/m²
Expected rent65 € /mo

~6,500 € BELOW MARKET

good value

against the median for garages/parking in Centyr (34 properties)

Area
20 m²
Floor
0 / 5

Yield analysis

Good investment rating

6.9% / yr
Monthly payment50 €20% down payment · 20 yrs · 3%
Expected rent65 €at market conditions for the neighbourhood

The rent covers 130% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 14 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Property analysis

This garage/Parking is priced about 6,500 € below the typical price (the median) for garages/parking in Centyr (34 properties) — 562 €/m² against 884 €/m².

With 20% down over 20 years the monthly mortgage payment is about 50 €, against an expected local rent of 65 €. The rent covers the whole payment (130%).

Source: Market statistics for garages/parking in Centyr

Details

Category
Commercial

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

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