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.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 17 4822 0039
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services