Apartment builidng, Bavaria, Germany

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Apartment builidng, Bavaria, Germany

885,000 €
3,597 € /m²
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  • Total area
    246 m²
  • Yield
    4.7 %
Details
Property parameters
  • Number of parking lots: 5
  • 4-floor building
Financial performance
  • Annual income: 41,400 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.5 %
  • Broker: 3.6 %

A three-family house.

Description

The house includes 3 apartments: a four-room apartment, a three-room apartment and a studio with a rooftop terrace.

There is a garage for 5 cars on the ground floor of the building.

Financial performance

Absolute annual income is 41,400 €.

The current yield of 4,7%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3,5%.

The brokerage fee is 3.57%.

Location

The apartment building is located in a town in the district of Würzburg in the state of Bavaria.

The town is situated on the federal road and in a few kilometers from the highway. The center of Würzburg is about a 15-minute drive from the town.

Despite its excellent transport accessibility and the location close to the highways, the town is sited in a picturesque location not far from sunny vineyards and offers a wide range of services for outdoor activities.

In addition, there are many educational establishments and healthcare centers in the town.

The apartment building is located in the historic part of the town. Shops, cafes and restaurants are situated in a walking distance from the property.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

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  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
4.7%
8—10%
Investment budget
885,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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