Apartment building, Aachen, Germany

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Apartment building, Aachen, Germany

2,200,000 €
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Total area: 819 m² Yield: 8.1% Built in 1970
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Features
  • Operating Incomе: 180,000 €
  • Land area: 223 m²
  • 5-floor building
  • Occupancy: 100%
  • End of lease: 2027
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 7.1%

Apartment building with a commercial premises on the ground floor.

Description

The house consists of 8 apartments and a commercial unit on the ground floor.

The residential area is 644 m².

The commercial area is 175 m².

The building was built in 1970.

Financial performance

Absolute annual income is 180,000 €.

The current yield of 8.1%. 

Tenants

The apartments are rented by a company that provides car and real estate rental services. The lease agreement is valid through 21.03.2027 and includes the extension options for 2х5 years.

The tenant of a commercial premises is a pizzeria. The lease agreement is valid through 15.11.2019 and includes the extension options for 1x5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

The brokerage fee is 7.14%.

Location

The property is located in the center of Aachen.

Statistics in Cologne

Price per m², €
5,186
Healthcare efficiency level
76
Index 76 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
58
Index 58 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 5,185.71
Apartment in a bedroom community, m² 3,562.5
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 92.75
Taxi, 1 km 1.88
Petrol, 1 l 1.39
Food Price, €
Water, 1.5 l 0.43
Milk, 1 l 0.69
White bread, 500 g 1.31
Eggs, a dozen 1.91
Chicken fillet, 1 kg 6.87
Education Price, €
Kindergarten, per month 492.8
International school, per year 15,750.0
Health care index
Staff competence 80.0
Medical equipment 91.67
Research accuracy and completeness 78.13
Attitude towards patients 72.92
Security index
Crime rate 44.49
The risk of being robbed 38.41
The risk of car theft 45.52
The risk of break-in and property damage 53.36

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Sofia Bulanova
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