Apartment building, Leipzig, Germany

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Apartment building, Leipzig, Germany

4,650,000 €
2,347 € /m²
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  • Total area
    1,981 m²
  • Yield
    3.5%
  • Built in 
    1996
Details
Property parameters
  • Land area: 580 m²
  • Total apartments: 19
  • 6-floor building
Financial performance
  • Annual income: 164,960 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0% + VAT

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.

  • 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.

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
3.5%
8—10%
Investment budget
4,650,000 €
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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