Rotterdam, Drinkwaterweg 407
3063VD
Zuid-Holland
€ 419.000
(k.k.)
Option
Gallery
8
Floorplan
1
Description
Apartment with room-rental permit. Located 400 meters from Erasmus University. Four bedrooms, large kitchen, living room, balcony, storage room and two bathrooms. New laminate on the floor so good for allergic tenants. Location is very sought after by students from RSM (Rdam School of Management), Erasmus Woudesteijn, Hogeschool Rdam and Rdam Business School.......Please room rental permit from municipality of Rotterdam on the property, for four residents and they can register neatly.
Additional info:
- Turn Key: the apt is fully furnished, upholstered and equipped (kitchen, dishwasher, washing machine, vacuum cleaner, etc). This allows a higher rental price and minimizes move-in situations, this is in everyone's interest.
- Landlord has deliberately chosen to rent to internationals. Unlike NL tenants, the rental return is maximum and tenant nuisance minimal. Also, infinite rental stays are prevented, so landlord remains boss-in-home. The Demand for this type of housing in Rotterdam is much greater than the Supply and will remain so for the foreseeable future. Because of this, concluding one-year leases is in many ways very much in the interest of landlords. Unsuitable tenants can therefore be parted with but pleasant tenants can be offered a new contract.
- This rental format is aimed at maximizing rental income per square meter and is in the form of "flatgroup rental" (residential group). A flatgroup is a group of fellow students (flatmates) and they rent the entire apartment and therefore NO rooms. Everyone is on the lease, everyone signs and everyone is jointly and severally liable. Works extremely well: since 1999 vacancy/loss of rent due to rent arrears is less than 0.4%.
- Lease intentionally runs 12 months from Aug. 1 to July 31 and cannot be shortened. If an individual flatmate wants to move out during the contract period, the others must provide succession. (This is considered a favor rather than an obligation)
- Rental is on bare rent (incl. water & internet) but excluding gas & electricity. For this the apartment group concludes its own supply contract. Manager M2 mediates in this.
- Seller offers the buyer the services of current administrator M2 StudentHousing.nl free of charge. This until 3 months after purchase. This to make the conversion go smoothly, to have no disruption in the rental, to prevent nervousness among tenants and to allow the new landlord to calmly come into his role. This offer is a favor: must not, may not. Perhaps after this period buyer will continue with this manager M2, then it is further up to buyer and manager M2.
- Communication with tenants will be through one contact person and if desired, the rent can be transferred monthly from one bank account in its entirety. There is room for increase at next rent change in August 2024.
- The one-year contract is a conscious choice of landlord and is a strength offer, not a weakness offer.
- Rental permits will not be issued in 2024/2025, and the expectation for after that is low. So this property is a unique and sound investment. Demand will be unabated in the target group of internationals (students and young professionals).
- Highly desirable location for both rental and sale. View of the river Maas and the Rotterdam skyline. Twenty minutes cycling distance from the city center. The Erasmus University is 5 minutes cycling distance
- Leasehold bought off until 2041 and the energy label is C.
- Inside and outside of the building very well cared for with high level of finishing. Two elevators and plenty of parking around the building.
- If on the other side of the Maas Feyenoord City will rise (and / or the 3rd bank connection) will have a huge price increasing effect.
- For video & more pictures herewith the M2 StudentHousing.nl link: https://www.m2studenthousing.nl/student-apartments/drinkwaterweg-rotterdam/
- Current rents: € 32,560 per year.
Forecast rent per Aug 2024: € 33.600 basic rent per year.
An overview of the rental agreements are available on request.
Property information
Country
The Netherlands
Property Type
Room rental property
Last update
1/24/2024
Surface area
85 m2
Construction year
1991
Contract information
Fully rented
Rental price
€ 32.560
List price
€ 419.000 k.k.
Factor
12.90
Ownership status
Full ownership
Cadastral city
Kralingen
Cadastral section
E
Cadastral number
2147
Cadastral index
A 96
Location
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