LUV – Kiel: Kapitalanlage

Student housing
Investment with a return of over 6%

Construction area XIV

Tas Kiel Projekt GmbH & Co. KG is building student housing with a commercial component, daycare, cafe and restaurant space as well as a high-rise car park on construction site XIV in Kiel, which also includes the access to the underground car park on construction site BF XIII. The property for this is made up of several sub-plots and is located on the Hörn in the immediate vicinity of the main train station and Kiel city center.

The building is designed as an L formation. A three-room daycare center and commercial space will be built on the ground floor. From the 1st floor onwards, student accommodation along with social and leisure facilities will be initiated.

The building has a staggered design and has terraces on the 7th floor and a restaurant and terrace on the 8th floor. In some areas, cuts reduce the number of floors.

Extract from the building description

• The units and their ancillary areas are built turnkey/ready for occupancy.
• Design based on KfW Efficiency House 40. All affected components are created in accordance with the specifications of the thermal insulation certificate and the building permit.
• The heat is supplied via the district heating network of the Kiel public utility company.
• Planning and construction are based on the minimum requirements of DIN 4109 Supplement 2 “Sound insulation in building construction” in the current version with increased requirements for airborne and impact sound insulation.
• All window and balcony doors on the ground floor have lockable handles.
• Balconies or loggias with waste and emergency overflow.
• The window systems with fittings; Control elements in stainless steel look as quality fittings from Hoppe or equivalent quality. The fittings are aligned so that each window element has at least one window sash, which is designed as a tilt-and-turn sash. The fittings are one-hand fittings with a lock against incorrect operation. In the area of ​​the balconies, the window systems are designed as French doors, each with at least one tilt-and-turn sash. Floor-to-ceiling windows with parapets, lower part permanently glazed.
• According to the EnEV certificate, additional sun protection measures are provided using solar protection glass.
• The room temperature is controlled on the radiator.
• According to LBO SH § 44, windowless bathrooms and toilets are only permitted if effective ventilation is guaranteed. All bathrooms are equipped with a mechanical exhaust system for ventilation.
• All apartments are accessed via a compact staircase with elevator system. The elevators provide access to all floors.

Kitchens

• All units are equipped with a kitchenette, according to the floor plan.

Room facilities

• - Fully equipped bathroom, towel radiator, including glass shower enclosure, including accessories.
• Kitchenette with refrigerator, two-plate hob, microwave, sink, fittings, upper cabinet, cutlery drawer, for 2 people: cutlery, set of plates, set of glasses, coffee mug, frying pan, 2 cooking pots, cooking and frying cutlery, kitchen towel, coffee machine.

Room furnishings up to 17 sqm

• Intercom with screen
• Wardrobe, wardrobe board
• Body mirror, two pictures
• Office chair, desk
• Side table
• Ceiling lamp, floor lamp, desk lamp
• Waste container, several decorative cushions, vase
• Sleeping bed with mattress, pillows, bed linen, fitted sheets, blankets and pillowcase
• Compact music system
• TV flat screen TV, wall arm and remote control

Room facilities over 17 sqm

• additional armchair, possibly two-seater

Room furnishings with anteroom

• Dining table and chairs

The overall furnishings are uniform across the floors. As part of the overall concept, the individual floors are designed in different designs and styles.

Rental

The operating company LUV Living Kiel GmbH is building a new building for purely commercial use on designated construction site XIV. The operating company works for two different companies.

The first company:

The civil law company with the name “Mietpool Student Living LUV Kiel GbR” maintains 365 beds for student housing that are freely financed and sold exclusively to investors.

The rental is carried out exclusively by LUV Living Kiel GmbH for the “ Mietpool Student Living LUV Kiel GbR “. A corresponding management contract will be concluded for this purpose.

The second company:

The 1.Storch Projekt Kiel Verwaltungsgesellschaft maintains 105 beds for student housing with social ties as well as so-called service areas in the property (gym, café, laundry center, meeting areas, library, vending machine installation areas) A commercially used area on the 8th floor including an outdoor area, a daycare center as well as a high-rise car park.

Both companies together form WEG. Through the management contract, both companies commission LUV Living Kiel GmbH, whose aim is to ensure high-quality operation of the apartment complex, to make the occupancy and thus the rental income of the apartments as uniform as possible, and to reduce the risk of loss of rent. For this purpose, the interests of the owners should be pooled and coordinated by an external service provider. In order to meet this goal, all owners should always be shareholders in Mietpool-GbR and 1.Storch Projekt Kiel Verwaltungsgesellschaft.

In addition to the management contract, LUV Living Kiel GmbH is also given the task of carrying out the WEG administration directly or through third-party commissioning.

In all new building projects, including the implementation of the aforementioned new building project, the starting phase is usually the most difficult because, despite high outfitting standards, there is initially a lack of market awareness. In order to secure this initial period of around one year for the buyers in the “rental pool Student Living LUV Kiel GbR”, the commissioned LUV Living Kiel GmbH grants a rental income guarantee for the fully furnished units in the amount of €23.00 per sqm based on the market analysis. The rental agreements also take into account the other costs of the service areas and services. ***We will send you the sample rental agreement upon request.***Please check the statement!*** If desired, it is possible to conclude a longer-term commitment agreement with LUV Living Kiel GmbH. p>

Funding

Due to the high energy standard of the house in the KFW 40 standard, climate-friendly residential building, up to € 100,000 per residential unit is supported for the first purchase.

• In the case of the first purchase, the purchase contract must include liability on the part of the seller or developer for the agreed KfW efficiency house level in accordance with the "Confirmation of the application" for the promotional loan as well as the handover of the documents to be retained in accordance with the section "The borrower's obligations to provide information and due diligence". Buyer included.
• The applicable maximum interest rates (target and effective interest rates in accordance with legal provisions) can be found in the overview of conditions for the KfW promotional products on the Internet at www.kfw.de/conditions.

Further information

• The granting of funding is subject to the availability of federal funds. The applicant has no legal claim to funding. We will send you a sample calculation upon request.***Please check the statement!***

The division of the house is carried out on the basis of the certificate of closure in accordance with the Condominium Ownership Act. This means that each residential unit is self-contained and each residential unit receives €100,000.00 in funding.

Calculation

The first sale as an investment is based on a minimum purchase of 10 individual apartments.

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