Apartment building, Bremerhaven, Bremen, Germany

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Apartment building, Bremerhaven, Bremen, Germany

700,000 €
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Total area: 615 m² Yield: 6.8%
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Features
  • Operating Incomе: 47,857 €
  • 4-floor building
  • Most recent total renovation: 2017
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%

Aparment building.

Description

The building includes 10 apartments.

The house has 4 full storeys, basement and attic floors.

In 2017, the house was fully renovated with a partial change of the layouts and the installation of new water and sewer pipes, new wiring and subdistribution, new bathrooms, windows and doors.

The building is not rented for the moment due of renovation works.

Type of transaction: Asset Deal or Share Deal.

Financial performance

Projected annual income is 47,857 €.

The projected yield of 6.8%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

The brokerage fee is 5.95%.

The cost of ownership

The monthly gross management fee per unit is 24.95 €.

Location

The apartment building is located on a quiet street in the city of Bremerhaven in a 5–10-minute walk from the pedestrian area in the city center.

A shopping mall, schools and kindergardens are situated in a walking distance from the property.

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.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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