Apartment building, Leipzig, Germany

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Apartment building, Leipzig, Germany

690,000 €
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Total area: 431 m² Yield: 3.4% Built in 1910
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Features
  • Operating Incomе: 23,282 €
  • Land area: 542 m²
  • 4-floor building
  • Most recent total renovation: 2006
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0%
  • Total apartments: 8

Four-storey apartment building In Leipzig. 

Description 

The building was built in 1910. There was the renovation in 2006.

The apartment building consists of eight apartments ranging from 45 m² to 60 m².

There is a laundry room in the basement and a car park in the courtyard. 

Equipment

  • balconies/terraces/loggia
  • laminate
  • plastic windows with double glazing

Energy Performance Certificate: Consumption

  • Main energy sources: Gas
  • Consumption value: 91,25 kWh/m²a 
  • Valid until: 08.03.2016

Financial performance

Absolute annual income is 23,282 €.

The current yield is 3.4%.

Transaction costs

Notary fee is 1.5 – 2%.

Acquisition tax is 3,5%.

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

Location

The apartment building is located in the Wahren district in Leipzig. There is Lake Auen, a supermarket, a railway station and the forest Leipziger Auwaldes here.

The population of Leipzig is 560,000 people. Over the past 5 years, 50,000 young people (the average age from 25 to 34 years) have migrated to Leipzig. 

The number of jobs increased by 11.5% and the number of workers increased by 19.5%. The unemployment rate does not exceed 8.69%.

The purchasing power index is 89.31. 

Leipzig/ Halle Intercontinental Airport is located in the city. It is considered the second largest cargo hub in Germany.

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

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Leipzig
+44 17 4822 0039
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