Apartment building, Dusseldorf, Germany

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Apartment building, Dusseldorf, Germany

1,560,000 €
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Total area: 450 m² Yield: 4.3% Built in 1950
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Features
  • Operating Incomе: 66,500 €
  • 5-floor building
  • Most recent total renovation: 2016
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 6.0%

Apartment building with a commercial unit.

Description

The building was built in 1950 and now is in good condition.

The apartment building consists of a commercial unit of 150 m² and 8 apartments ranging from 22 to 54 m².

There were repairs in 2016.

Equipment

  • balconies 
  • intercom
  • new electrical engineering
  • new bathrooms
  • air conditioner in two apartments

Financial performance

Absolute annual income is 66.500 €.

The current yield is 4,3%.

Transaction costs

Notary fee is 1.5 – 2%.

Acquisition tax is 6,5%.

The broker's fee is 6% + 19% VAT (in total 7.14%).

Location

The apartment building is located in Düsseldorf-Bilk. There are a few parks, hospitals, a school and restaurants in this district.

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