Apartment building, Bremerhaven, Germany

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Apartment building, Bremerhaven, Germany

1,500,000 €
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Total area: 1,642 m² Yield: 6.5% Built in 1967
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Features
  • Operating Incomе: 97,868 €
  • Land area: 603 m²
  • Most recent total renovation: 2015
  • Notary (state registration): 2.0%
  • Acquisition tax: 5.0%
  • Broker: 6.0%

Apartment building with commercial premises on the ground floor.

Description

The house consists of 25 apartments and 3 commercial units.

The residential area is 1,473 m².

The commercial area is 169 m².

The building was built in 1967 and renovated in 2014–2015.

Financial performance

Absolute annual income is 97,868 €.

The current yield of 6.5%. 

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5.0%.

Brokerage fee is 5.95%.

Location and nearby objects

Bremerhaven is the largest city on the German coast of the North Sea. The population of the city has increased by 15% since 2009 and currently exceeds 120 thousand people.

The unemployment rate has decreased by almost 13% since 2009. Bremerhaven is not only one of the most lucrative real estate locations, but also a hi-tech development center, where over 15,000 jobs have appeared over the past 18 years.

The city has developed the construction and maintenance of offshore wind turbines. The leading wind industry hardware suppliers and 5 R & D organizations have already established and/ or expanded their operations here.

The Port is the 5th largest in Europe and the continent’s largest for frozen foods and ship-based vehicle import & export.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Bremerhaven
+44 20 3608 1267
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