Apartment building, Frankfurt am Main, Germany

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Apartment building, Frankfurt am Main, Germany

5,000,000 €
8,333 € /m²
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  • Total area
    600 m²
  • Yield
    5.0 %
  • Built in 
    1900
Details
Property parameters
  • Land area: 176 m²
  • 5-floor building
Financial performance
  • Annual income: 250,000 €
Tenants
  • Fully let
  • End of lease: 2020
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.0 %
  • Broker: 6.0 %

Apartment building with a commercial premises on the ground floor.

Description

The house consists of 18 apartments and a retail unit of 43 m².

The residential area is 550 m².

The building was built in 1900 and it is in good condition.

Financial performance

Absolute annual income is 250,000 €.

The current yield of 5%.

Tenants

The tenant of a commercial space is a gastronomy.

The lease agreement is valid through 31.08.2020.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

Brokerage fee is 5.95%.

Location and nearby infrastructure

The property is located in the Westend area. Public transport stops are situated in a walking distance from the building. The airport can be reached in a 15-minute drive, and the motorway exit — in a 5-minute drive.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

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  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
5.0%
8—10%
Investment budget
5,000,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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