Apartment building, North Rhine-Westphalia, Germany

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Apartment building, North Rhine-Westphalia, Germany

1,295,000 €
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Total area: 762 m² Yield: 5.5% Built in 1968
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Features
  • Operating Incomе: 71,020 €
  • Land area: 663 m²
  • 4-floor building
  • Number of parking lots: 4
  • Most recent total renovation: 2005
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 6.0%

An apartment building in the suburbs of Dusseldorf.

Description

The house includes 13 apartments and a basement.

There are 4 garages in the territory of the property.

The building was built in 1968 and renovated in 2005.

Equipment

  • all apartments have balconies
  • double PVC windows
  • gas heating system

Financial performance

Absolute annual income is 71,020 €.

The current yield of 5.5%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

Brokerage fee is 6% + 19% VAT (in total 7.14%).

Location

The property is located in 20 km from Düsseldorf, in a town with a population of more than 50 thousand people.

There are supermarkets, schools, a bank, and a post office in a walking distance from the building.

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Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 17 4822 0039
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services