Studio Apartment, Park Skandynawia 2, Warsaw

An opportunity to invest in a studio apartment in the city of Warsaw, Poland. This investment will include the fully-managed service by Propdo.


This apartment is in the popular Park Skandynawia project by the multinational developer Skanska. The project is situated at ul. Jan Nowak-Jeziorański in Praga-Proludnie and is nearby the Siekierkowska motorway and Ostrobramska street. In addition, the project is within 15 minutes by car to the city centre and is within good proximity to the CH Promenda metro station.

Studio Apartment, Park Skandynawia 2, Warsaw

An opportunity to invest in a studio apartment in the city of Warsaw, Poland. This investment will include the fully-managed service by Propdo.


This apartment is in the popular Park Skandynawia project by the multinational developer Skanska. The project is situated at ul. Jan Nowak-Jeziorański in Praga-Proludnie and is nearby the Siekierkowska motorway and Ostrobramska street. In addition, the project is within 15 minutes by car to the city centre and is within good proximity to the CH Promenda metro station.

Apartment Price
353,192 zł  360,400 zł

Apartment Size + Terrace
29.01 + 5.26 (sqm)

Parking
36,000 Zloty

Floor
5

Finishing Costs  
46,512 Zl

Delivery Date  
2nd Quarter 2021

Legal Costs  
8,000 Zloty

Developer  
Skanska

Propdo Fees  
4% + VAT

Payment Plan  
Depending on construction

Total Investment
464,469 Zloty

Projected IRR  
8-12% IRR

Apartment Price
353,192 zł  360,400 zł

Apartment Size + Terrace
29.01 + 5.26 (sqm)

Parking
36,000 Zloty

Floor
5

Finishing Costs  
46,512 Zl

Delivery Date  
2nd Quarter 2021

Legal Costs  
8,000 Zloty

Developer  
Skanska

Propdo Fees  
4% + VAT

Payment Plan  
Depending on construction

Total Investment
464,469 Zloty

Projected IRR  
8-12% IRR

‎IRR
11.26%
CAP
4.80%
Yearly Cash Flow
16,298
ROI
29.59%
Year 1 2 3 4 5 6 7 8 9 10
Investment ‎-231,568 ‎-231,568 ‎0 ‎0 ‎0 ‎0 ‎0 ‎0 ‎0 ‎0
Rent ‎0 ‎23,100 ‎25,200 ‎25,200 ‎0 ‎0 ‎0 ‎0 ‎0 ‎0
Management Fee ‎0 ‎-2,273 ‎-2,479 ‎-2,479 ‎0 ‎0 ‎0 ‎0 ‎0 ‎0
Additional Expenses ‎0 ‎-458 ‎-500 ‎-500 ‎0 ‎0 ‎0 ‎0 ‎0 ‎0
Rental Tax Payment ‎0 ‎-5,428 ‎-5,922 ‎-5,922 ‎0 ‎0 ‎0 ‎0 ‎0 ‎0
Selling Price ‎0 ‎0 ‎0 ‎582,451 ‎0 ‎0 ‎0 ‎0 ‎0 ‎0
Capital Gains Tax Payment ‎0 ‎0 ‎0 ‎-29,828 ‎0 ‎0 ‎0 ‎0 ‎0 ‎0
Total ‎-231,568 ‎-216,627 ‎16,298 ‎568,920 ‎0 ‎0 ‎0 ‎0 ‎0 ‎0
jacek-dylag-579738-unsplash.jpg jacek-dylag-579738-unsplash.jpg jacek-dylag-579738-unsplash.jpg jacek-dylag-579738-unsplash.jpg

Poland’s entrance into the European Union (EU) in 2004 has seen more positive trends in terms of the country’s development. Since 2004, the Polish economy has been consistently increasing, whilst displaying good growth rates. Today, just over 15 years following its entrance to the EU, it is defined as the strongest economy in Eastern Europe.


Following the fast growth of Polish economy, Forbes Magazine has recently stated that “Poland is one of the world economy’s great success stories right now”. Additionally, according to a report published in 2018 by Ernst & Young, Poland is breaking new ground as the most attractive destination among all Central and Eastern European countries (CEE) for real estate investments.

city-high-rises-poland-10676.jpg city-high-rises-poland-10676.jpg city-high-rises-poland-10676.jpg city-high-rises-poland-10676.jpg

Warsaw is at the forefront of the development process described above, serving as a major attraction for investors, entrepreneurs, tourists, and young educated Polish residents. Over the last two decades, Warsaw has been undergoing a fast process of urban development, and is currently considered as a flourishing European capital. Warsaw’s city centre and its surrounding neighbourhoods are packed full of restaurants, pubs, and coffee shops, and offer a vibrant night life. The city is covered by a broad public transportation system, including a subway, and many international companies establish their branches in the city.


According to the central bank of Poland (NBP), the Housing Price Index in Warsaw has increased by 10% during the last year, following consistent increases in previous years as well.

praga south.jpg praga south.jpg praga south.jpg praga south.jpg

The Praga Poludnie district lies of the eastern banks of the Wisla River, near the City Centre. It has a population of 179,836, covering an area of 22 kilometres squared. Based on the latest government figures the population is made up of 60% economically active residents (16-64) and around 20% were between 20-34 years old.


The district's main attraction is the Soho Factory a gentrified former Soviet industrial complex that was converted into a series of art galleries, coworking spaces, office stock, exhibition centres, restaurants and other general amenities. There are other various amenities in the district including the College of Social Psychology and the Warsaw College of Arts. There are also 40 kindergartens, 10 elementary schools and 7 high schools.


project.jpg project.jpg project.jpg project.jpg

Features: The Park Skandynawia Project is a nine-building complex that is being built in four successive stages. The first phase of the project has been completed, and the developer is now in the process of building the second phase (building C and D).


Location: The project is situated on Jan Nowak-Jeziorański Street, close to the Promenada shopping centre. In addition, the nearest tram station is within 4 minutes on foot, which connects the residents to The Warsaw Spire in 45 minutes. There are 6 educational institutions within the vicinity of the project, as well as a medical centre, local stores and sports facilities.


Developer: Skanska is the fifth largest construction company in the world and has completed some of the most prestigious global projects, including World Trade Center Transportation Hub and MetLife Stadium in New York, and 30 St Mary Ax in London.

FAQs

All you need to do is click "continue" follow the steps, agree to the terms of our Management Agreement and click invest. We will manage everything from there. If you have any questions about the process or our management agreement, contact us here.

After you decided to invest through our platform, our representatives will contact you in order to guide you through the next stage of the process.

The next step may involve meeting with a notary at a location (in your home country) convenient for you, and to sign a Power of Attorney in his presence. This allows us to represent and facilitate the investment process for you.

Following from this, you’ll be requested to transfer the investment amount to the dedicated ancillary account, in accordance with the amortization schedule. In addition, you’ll be required to transfer the management and platform service fees.

One of the main benefits of using our platform to procure new property investments is the use of our management services.

Our management services includes the stewardship of the entire buying process, negotiations with the property developer, interior designers and contractors, procuring a suitable tenant and ongoing general management of the property. In addition, we'll help you set up a bank account, obtain a mortgage, if possible, and perform all the legal legwork.

In a nutshell -- with your investment you will receive:

  • Full management of the procurement process
  • Organisation of all legal and bureaucratic procedures
  • Regular construction updates
  • Flexible payment plans
  • Fully-managed after purchase; including tenant sourcing & general management
  • A central dashboard for all your investments

No. There is no need to transfer a credit card nor a bank account number on the website. All the payments within the framework of the purchase are carried out by personal bank transfers.