Apartment building, Lower Saxony, Germany

Additional information is provided after the signing of an NDA

Apartment building, Lower Saxony, Germany

794,000 €
Mortgage calculator
Send a request
Total area: 1,271 m² Yield: 5.9% Built in 1957
Send a request
Features
  • Operating Incomе: 46,680 €
  • Land area: 2,352 m²
  • 2-floor building
  • Occupancy: 73%
  • Number of parking lots: 14
  • Most recent total renovation: 2013
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%

The two-storey apartment building with a basement.

Description

The property was built in 1957 and renovated in 2013.

The building includes 15 residential premises.

4 apartments are vacant.

There is a parking for 14 cars in the territory of the house.

Energy Performance Certificate:

  • energy performance certificate type: Consumption
  • main energy sources: gas 
  • consumption value: 170,70 kWh/m²a 
  • valid until: 02.12.2018

Financial performance

Absolute annual income is 46,680 €.

The current yield of 5.9%.

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

Projected annual income is 63,300 €.

Projected yield of 8.0%.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 5.0%.

Brokerage fee is 5.95%.

Location

The property is located in the residential area of the city with a population about 80,000, in the federal state of Lower Saxony. A bus stop, a park, a supermarket and restaurants are situated not far from the building.

More properties

If this property wasn’t for you, take a look at other apartment buildings for sale in Germany.

You can see more apartment buildings for sale in Lower Saxony elsewhere on our website.

Similar listings

We select ads that may interest you.

Enquire about this apartment building
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
Send a request
    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services