Apartment building, Frankfurt am Main, Germany

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Apartment building, Frankfurt am Main, Germany

5,000,000 €
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Total area: 600 m² Yield: 5.0% Built in 1900
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Features
  • Operating Incomе: 250,000 €
  • Land area: 176 m²
  • 5-floor building
  • Occupancy: 100%
  • End of lease: 2020
  • 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.

Statistics in Frankfurt am Main

Price per m², €
6,694
Healthcare efficiency level
71
Index 71 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
57
Index 57 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 6,694.44
Apartment in a bedroom community, m² 4,205.56
Transport Price, €
Public transport, 1 ride 2.75
Monthly travel card 89.1
Taxi, 1 km 2.0
Petrol, 1 l 1.42
Food Price, €
Water, 1.5 l 0.48
Milk, 1 l 0.74
White bread, 500 g 1.27
Eggs, a dozen 1.84
Chicken fillet, 1 kg 7.69
Education Price, €
Kindergarten, per month 347.53
International school, per year 13,388.89
Health care index
Staff competence 74.19
Medical equipment 87.5
Research accuracy and completeness 73.15
Attitude towards patients 64.66
Security index
Crime rate 49.12
The risk of being robbed 40.83
The risk of car theft 40.91
The risk of break-in and property damage 52.56

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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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
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