Rotterdam, Rochussenstraat 325 C
3023 DG
€ 549.000
(k.k.)
For Sale
Gallery
19
Description
Appartement met room-rental license. Located in Rdam West in a distinguished neighbourhood, 6km from Erasmus University and 100m from metro Coolhaven. Five spacious bedrooms & spacious living room, balconies front and back and 3 bathrooms. Location is highly sought after by students from Codarts, STS, RSM (Rdam School of Management) and Rdam Business School. Room rental permit from Rotterdam municipality on the property, for 5 residents and they can register neatly.
Additional info:
- Turn Key: the apt is fully furnished, upholstered and equipped (kitchen, dishwasher, washing machine, hoover, etc). This allows a higher rental price and minimises relocation problems, this is in everyone's interest.
- Landlord has deliberately chosen to rent to internationals. Unlike NL tenants, the rental yield is maximised and tenant inconvenience minimal. Also, infinite rental stays are avoided, so landlord remains boss-in-home. The Demand for this kind of housing in Rotterdam far exceeds the Supply and will remain so for the foreseeable future. As a result, concluding one-year leases is in many ways very much in the landlord's interest. Unsuitable tenants can therefore be parted with but pleasant tenants can be offered a new contract.
- This rental format aims to maximise rental income per sq m and is in the form of 'flatgroup rental'. A flatgroup is a group of fellow students (flatmates) and they rent the entire flat, i.e. NO rooms. Everyone is on the rental contract, everyone signs and everyone is jointly and severally liable. Works extremely well: since 1999, vacancy/loss of rent due to rent arrears has been less than 0.4%
- Lease intentionally runs for 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 have to provide succession. (This is considered a favour rather than an obligation)
- Rental is on bare rent (incl. water & internet) but excluding gas & electricity. For this, the flat group concludes its own supply contract. M2 manages this.
- Vendor offers the buyer the services of current administrator M2 StudentHousing.nl free of charge. This until 3 months after purchase. This is to ensure a smooth conversion, no disruption in letting, no nervousness among tenants and to allow the new landlord to settle into his role calmly. This offer is a favour: must not, may not. Perhaps the buyer will want to continue with this manager M2 after this period, in which case it is further up to the 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 scope for increase at next rent change in August 2024.
- The one-year contract is a conscious decision by the landlord and is a strength offer, not a weakness offer.
- Rental licences 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 as high as ever in the target group of internationals (students and young professionals).
- Highly desirable location for both rental and sale. View of the Schie and the Rotterdam skyline. 15 minutes cycling distance from the city centre.
- Mortgage financing by seller is negotiable
- Current rent: € 43,560 basic rent per year.
Forecast rent per Aug 2024: € 44,700 bald rent per year.
A summary of rental agreements are available on request.
Property information
Country
The Netherlands
Property Type
Room rental property
Last update
2/2/2024
Surface area
145 m2
Further specification of surface
Grote kamers, 2 balkons voor en achter
Construction year
1929
Contract information
Fully rented
Rental price
€ 43.560
List price
€ 549.000 k.k.
Factor
12.60
Ownership status
Full ownership
Cadastral city
Rotterdam
Location
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