A fully renovated apartment building.
The building includes 4 full storeys as well as a basement floor and an attic floor.
There are 14 apartments in the house.
The apartments sizes span between 41 m² and 77 m².
In 2015 & 2016, the property was fundamentally renovated and renewed with the renewal of the water and heating pipes. The attic floor situated flats were newly built and balconies on the attic floor were partially renewed or rebuilt. In addition, the roof was inspected and repaired.
In 2014, the rainwater gutter were new installed.
The bathrooms were probably already renewed in 2010.
In 2016, a new central gas heating system was installed in the building.
The Energy Demand Certificate is valid until 29. April 2024, but it is dated before the renewing of the heating system.
The energy consumption parameters:
- final energy consumption is 181,3 kWh/m²a
- primary energy consumption is 200,9 kWh/m²a
For the moment, 4 apartments are not rented. The seller ensures a full occupancy on delivery to the purchaser.
Type of transaction: Asset Deal or Share Deal.
Absolute annual income is 34,482 €.
The current yield of 5.5%.
Financial performance on the condition that units are rented:
Projected annual income is 50,814 €.
The projected yield of 8.1%.
Financial performance at currently admissible rent increase:
Projected annual income is 53,000 €.
The projected yield of 8.5%.
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 €.
The apartment building is located on a quiet residential street. The popular street Hafenstraße with shops is situated in the immediate vicinity 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.