Apartment building, Bochum, Germany

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Apartment building, Bochum, Germany

4,980,000 €
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Total area: 2,793 m² Yield: 6.3% Built in 1984
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Features
  • Operating Incomе: 312,948 €
  • Land area: 3,740 m²
  • Occupancy: 100%
  • Number of parking lots: 74
  • Most recent total renovation: 2015
  • End of lease: 2025
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 6.0%

Apartment building with a network supermarket on the ground floor in the center of the city.

Description

The house consists of 25 apartments and 2 commercial premises.

The residential area is 1,641 m².

The commercial area is 1,152 m².

There are 15 garages, an underground parking for 25 cars on the territory of the house and 34 parking spaces in the parking in front of the supermarket.

The building was built in 1984 and now it is in good condition. In 2015, the following repairs were carried out in the supermarket:

  • replacement of floors
  • replacement of electrical wiring
  • installation of a new ventilation and cooling system
  • installation of new doors
  • new coating of walls and ceilings

In the residential part of the house, the staircases, the roof, the facade of the building and partly the terraces were repaired.

Financial performance

Absolute annual income is 312,948 €.

The current yield of 6.3%.

Tenants

The anchor tenant is a large supermarket chain with over 3,000 stores in Germany. The annual turnover of the company exceeds 10 billion euros.

The lease agreement is valid through 2025 and includes extension options for 3x5 years.

The tenant of the second commercial premises is the dental clinic.

The lease agreement is valid through 31.12.2025 and includes extension options for 3x5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

The brokerage fee is 5.95%.

Location and nearby objects

The property is located in a walking distance from the public transport. The main city railway station and the nearest motorway can be reached in a few-minute drive, the airport — in 25-minute drive. Shops, restaurants and cafes are located not far from the building.

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Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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