A historical apartment building with a commercial unit on the ground floor.
The property consists of 35 apartments with a total living area of 2.208 m² and one commercial premise of 757 m².
The property also includes a plot of 3.000 m² and 50 parking spaces.
The house was built in 1929 and it is in excellent technical condition.
During the last major repairs in 2010, almost everything was renovated, except for bearing walls, roofs, and windows.
Absolute annual income is 248,587 €.
The current yield of 7,1%.
All apartments are long-time rented.
The commercial premises are rented by a branch of the post office.
22 parking lots near the house are rented to dwellers.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6,5%.
The brokerage fee is 4% + 19% VAT (in total 4.76%).
The property is located in a city with a population of more than 80 thousand people, in the central historical district of the city.
This city is located in the north-east of the federal state of North Rhine-Westphalia, in 45 km northeast of Bielefeld. The town has preserved numerous buildings in the style of the Weser Renaissance, as well as a cathedral of the XII century — the architectural symbol of the town.
In a walking distance, there are the sights of the town, museums, embankment and bridge across the river, an old market square with numerous shops and restaurants, administrative central buildings of the town. There is the railway station in 2 km from the building.
Due to this favorable location, apartments for rent are in high demand.