Apartment building, Bremerhaven, Bremen, Germany

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Apartment building, Bremerhaven, Bremen, Germany

560,000 €
680 € /m²
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  • Total area
    823 m²
  • Yield
    8.4 %
  • Rental rate (m²/month)
    4 €
  • Built in 
    1908
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Details
Property parameters
  • Land area: 440 m²
  • 5-floor building
Financial performance
  • Annual income: 47,100 €
Tenants
  • Occupancy: 85 %
Object status
  • Most recent total renovation: 2016
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 5.0 %
  • Broker: 5.0 %

A fully renovated apartment building.

Description

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 April 29, 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

Type of transaction: Asset Deal or Share Deal.

Financial performance

Absolute annual income is 47,100 €.

The current yield of 8.4%.

Tenants

For the moment, 2 apartments are not rented.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

The brokerage fee is 5% + 19% VAT (in total 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 residential street in Bremerhaven.

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.

  • Property on the map
    Location right down to the building, street or city

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If this property wasn’t for you, take a look at other apartment buildings for sale in Germany.

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

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Sofia Bulanova
Sofia Bulanova
Senior Investment Consultant
+44 17 4822 0039
  • Bank financing from 1.5% annually
  • Property, plot and construction site survey
  • Management company services
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