Apartment building, Gelsenkirchen, Germany

Additional information is provided after the signing of an NDA

Apartment building, Gelsenkirchen, Germany

890,000 €
Mortgage calculator
Send a request
Send via email
Total area: 891 m² Yield: 6.5% Built in 1958
Send a request
Send via email
Features
  • Operating Incomе: 57,450 €
  • Land area: 285 m²
  • 5-floor building
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 4.0%

Five-storey apartment building with a commercial unit on the ground floor.

Description

The building was built in 1958 and now is in good condition.

The apartment building consists of a commercial unit on the ground floor and 10 apartments ranging from 36 to 86 m ².

The commercial unit and 7 apartments are leased out.

The windows were partly renewed in the building.

Equipment

  • balconies
  • bathrooms with windows
  • gas heating system
  • basement storage rooms

Financial performance

Absolute annual income is 57,450 €.

The current yield is 6,5%.

Financial performance when all premises are leased out:

Expected absolute annual income is 71,280 €.

Expected yield is 8,0%.

Transaction costs

Notary fee is 1.5 – 2%.

Acquisition tax is 6,5%.

The broker's fee is 4% + 19% VAT (in total 4.76%).

Location

The apartment building is located on a shopping street in Gelsenkirchen in North Rhine-Westphalia. There are a few shops, cafes, restaurant and a bus stop near the building.

Statistics in Gelsenkirchen

Safely rate
41
Index 41 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Transport Price, €
Taxi, 1 km 2.0
Petrol, 1 l 1.41
Food Price, €
Water, 1.5 l 0.34
Milk, 1 l 0.73
White bread, 500 g 1.25
Eggs, a dozen 1.71
Chicken fillet, 1 kg 5.5
Education Price, €
Kindergarten, per month 225.0
International school, per year 16,000.0
Security index
Crime rate 65.0
The risk of being robbed 70.0
The risk of car theft 40.0
The risk of break-in and property damage 65.0

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

More properties

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 Gelsenkirchen elsewhere on our website.

Similar listings

We select ads that may interest you.

Enquire about this apartment building
Anna Kurianovich
Anna Kurianovich
Senior Investment Consultant
+44 17 4822 0039
Send a request
    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Property, plot and construction site survey
    • Management company services
    Call us
    Send a request
    Location choice
    • еще ...
    • City, Region, Country
    Loading...
    • Nothing found
    • Nothing found