Apartment building, Bremerhaven, Germany

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Apartment building, Bremerhaven, Germany

825,000 €
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Total area: 808 m² Yield: 6.8% Built in 1964
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Features
  • Operating Incomе: 56,178 €
  • Land area: 382 m²
  • 5-floor building
  • Occupancy: 100%
  • Most recent total renovation: 2014
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%

Apartment building not far from the city center.

Description

The property consists of two houses at 10 and 2 apartments.

The property was built in 1964 and renovated in 2014.

The building has 5 full storeys, a basement and an attic floor.

The building includes 12 apartments with areas ranging from 46 m² to 92 m².

All apartments are leased out and have a balcony.

Financial performance

Absolute annual income is 56,188 €.

The current yield of 6.8%.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 5.0%.

Brokerage fee is 5.95%.

Location

Bremerhaven is the largest city on the German coast of the North Sea. The population of the city has increased by 15% since 2009 and currently exceeds 120 thousand people.

The unemployment rate has decreased by almost 13% since 2009. Bremerhaven is not only one of the most lucrative real estate locations, but also a hi-tech development center, where over 15,000 jobs have appeared over the past 18 years.

The city has developed the construction and maintenance of offshore wind turbines. The leading wind industry hardware suppliers and 5 R & D organizations have already established and/ or expanded their operations here.

The Port is the 5th largest in Europe and the continent’s largest for frozen foods and ship-based vehicle import & export.

The building is located in a 15-minute walk from the city center (1.2 km).

Public transport stops, restaurants, supermarkets, a shool, a central station, a lake and a park are situated not far from the property.

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

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Anna Kurianovich
Anna Kurianovich
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+44 17 4822 0039
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