Apartment building, Bremerhaven, Germany

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Apartment building, Bremerhaven, Germany

1,370,000 €
834 € /m²
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  • Total area
    1,642 m²
  • Yield
    7.1%
  • Built in 
    1967
Details
Property parameters
  • Land area: 603 m²
Financial performance
  • Annual income: 97,868 €
Tenants
  • No tenants
Property status
  • Most recent total renovation: 2015
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 5.0%
  • Broker: 6.0% + VAT

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 7,1%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5.0%.

Brokerage fee is 5.95%.

Location

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.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Bremerhaven.

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