Apartment building, Frankfurt am Main, Germany

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Apartment building, Frankfurt am Main, Germany

4,850,000 €
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Total area: 600 m² Yield: 5.5% Built in 1900
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Features
  • Operating Incomе: 300,000 €
  • 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 300,000 €.

The current yield of 5.5%. 

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 objects

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.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Frankfurt am Main
+44 20 3608 1267
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