Apartment building, Leipzig, Germany

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Apartment building, Leipzig, Germany

4,650,000 €
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Total area: 1,981 m² Yield: 3.5% Built in 1996
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Features
  • Operating Incomе: 164,960 €
  • Land area: 580 m²
  • 6-floor building
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0%
  • Total apartments: 19

Six-storey apartment building with commercial units on the ground floor. 

Description 

The building was built in 1996 and now is in good condition.

The apartment building consists of 19 apartments and 4 commercial units.

There is an underground car park, a laundry, and a drying room.

Equipment

  • balconies
  • elevator
  • laminate
  • plastic windows with double glazing
  • carpet flooring
  • intercom

Energy Performance Certificate: Consumption

  • Main energy sources: Gas

Financial performance

Absolute annual income is 164,960 €.

The current yield is 3.5%.

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 Schleußig district in Leipzig. There are a few primary schools, Leipzig International School, a lot of social clubs and courses, Clara-Zetkin-Park, and a forest 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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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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