Apartment building, North Rhine-Westphalia, Germany

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Apartment building, North Rhine-Westphalia, Germany

1,295,000 €
1,699 € /m²
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  • Total area
    762 m²
  • Yield
    5.5%
  • Built in 
    1968
Details
Property parameters
  • Land area: 663 m²
  • Number of parking lots: 4
  • 4-floor building
Financial performance
  • Annual income: 71,020 €
Property status
  • Most recent total renovation: 2005
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 6.0% + VAT

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.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
5.5%
8—10%
Investment budget
1,295,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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