Apartment building with commercial premises, Lower Saxony, Germany

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Apartment building with commercial premises, Lower Saxony, Germany

914,000 €
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Total area: 1,270 m² Yield: 7.6% Built in 1957
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Features
  • Operating Incomе: 69,018 €
  • Land area: 943 m²
  • 5-floor building
  • Number of parking lots: 7
  • Most recent total renovation: 2013
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%

The five-storey apartment building with commercial premises on the ground floor.

Description

The property was built in 1957 and renovated in 2013.

The building includes 15 apartments of 950,58 m² and 4 commercial premises of 320,03 m².

5 residential units are vacant.

There is a parking for 7 cars in the territory of the house.

Energy Performance Certificate:

  • energy performance certificate type: Consumption
  • main energy sources: gas 
  • consumption value: 240,00 kWh/m²a 
  • valid until: 02.12.2018

Financial performance

Absolute annual income is 69,018 €.

The current yield of 7.6%.

Financial performance on the condition that all units are leased out:

Projected annual income is 72,318 €.

Projected yield of 7.9%.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 5.0%.

Brokerage fee is 5.95%.

Location

The building is located in the center of the city with a population over 80,000, in the federal state Lower Saxony. Public transport stops, parks, a bank, a post office, a supermarket and a bakery are situated not far from the property.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Lower Saxony
+44 20 3608 1267
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