Apartment building, Lower Saxony, Germany

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Apartment building, Lower Saxony, Germany

794,000 €
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Total area: 1,271 m² Yield: 5.9% Built in 1957
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  • 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.


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%.


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.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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