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
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.
