Student hall of residence, Wiener Straße 94/96, Dresden
This property is ideally integrated into the urban infrastructure. It is located in the Südvorstadt-Ost district, close to the park “Großer Garten” with a direct rail connection to the city centre. Dresden is one of Germany’s most traditional and important university cities. As world-renowned academic location, Dresden boasts a large selection of learning and training opportunities and has numerous links to international colleges and universities. The city is currently home to approximately 40.000 students.
This spaciously designed student residence complex consists of four buildings: two three-storey and two five-storey buildings, offering a total of twelve two-bedroom apartments and 101 studio apartments of varying sizes. The communal area includes: a laundry and storage room, an underground car park and bike racks. A surrounding park serves as recreational area for all residents.
The building complex includes:
- 99 studio apartments – each 20.71 sq. m. (including bathroom)
- 2 studio apartments – each 22.25 sq. m. (including bathroom)
- 10 two-bedroom flats – 46.07 sq. m. (2 living rooms or bedrooms, kitchen, bathroom)
- 2 two-bedroom flats – 63.44 sq. m. (2 living rooms or bedrooms, kitchen, bathroom)
Property size: 4.700 sq. m.
Building: 7.234 sq. m.
Parking spaces (garage): 29
Parking spaces fo bicylces (garage): 50
Investment cost: 12 Mio. EUR gross
Rental income: 700.000 EUR gross/p.a.
Bank loan: 10,7 Mio. EUR
Capital requirement: 1,3 Mio. EUR