Dormitory, Essen, Germany

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Dormitory, Essen, Germany

9,081,000 €
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Total area: 2,701 m² Yield: 5.5%
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Features
  • Operating Incomе: 504,118 €
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 4.8%

Six-storey building. 

Description

Total area of the property is 2,701 m².

Students residential complex consists of 123 beds, an area of each room is 23 m².

Financial performance

Absolute annual income is 504,118 €.

The current yield of 5.5%. 

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.5%.

Brokerage fee is 4.76%.

Location

The hostel is located in Essen in the federal state of North Rhine-Westphalia.

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Enquire about this student dormitory (building)
Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services