Apartment building, Bremerhaven, Germany

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Apartment building, Bremerhaven, Germany

2,800,000 €
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Total area: 3,634 m² Yield: 7.1% Built in 1934
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Features
  • Operating Incomе: 199,281 €
  • Land area: 1,430 m²
  • 4-floor building
  • Most recent total renovation: 2016
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%

Apartment building with commercial units.

Description

The property was built in 1934 and renovated in 2016.

The building has 4 full storeys, a basement and an attic floor.

The living area is 3,347 m².

The commercial area is 288 m².

The building includes 36 apartments (some of them has a balcony), 3 commercial premises in the basement and a quiet courtyard.

The areas of apartments ranging from 51 m² to 121 m². The areas of commercial units ranging from 40 m² to 116 m².

Financial performance

Absolute annual income is 199,281 €.

The current yield of 7.1%.

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.

Public transport stops, restaurants, a gas station, shops, schools and kindergatens are situated not far from the property.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Bremerhaven
+44 17 4822 0039
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