Apartment building, Bavaria, Germany

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Apartment building, Bavaria, Germany

12,000,000 €
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Total area: 3,670 m² Yield: 4.0%
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Features
  • Operating Incomе: 480,000 €
  • Land area: 4,500 m²
  • Number of parking lots: 77
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.0%
  • Total apartments: 32

Apartment buildings under construction with commercial areas.

Description

3 apartment buildings (buildings A, B, C) with commercial areas on the territory of the residential complex.

The residential complex includes:

  • 3 apartment buildings with 32 apartments
  • 7 separate houses
  • playground
  • ground and underground parking

Inner space

  • utility room with washing and drying machines
  • bathrooms with bath and window
  • additional WC (in 3 and 4-room apartments)
  • dressing rooms
  • balcony or terrace
  • cellar for each apartment
  • elevator

Building Permission/ Pre-authorization for construction: the procedure for changing plan B is being implemented, related to the construction approved by the city.

Start of construction: 2018–2019.

Financial performance

The projected annual income is 480,000 €.

The projected yield of 4,0%.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 3,5%.

Brokerage fee is 3% + VAT 19% (total 3,57%).

Location

The property is located in the suburbs of Nuremberg. The population of Nuremberg is more than 500,000 people, the city is the 2nd largest in Bavaria (after Munich). The region of Nuremberg with its nearly 2 million population, 10,000 km2 of land and a contribution to the gross national product of 50 billion euros belongs to the economically strongest regions of Germany.

The property is located in a residential area with developed infrastructure. In a walking distance from the facility there is a supermarket Netto Marken-Discount, food stores, an ATM, a hairdresser, a police station, a motor show, a bus stop and a suburban train station.

Nuremberg Central Station is about 20 minutes away by car or by train.

Statistics in Germany

Price per m², €
4,749
Healthcare efficiency level
74
Crime rate
34
Real estate Price, €
Apartment in the city centre, m² 4,749.27
Apartment in a bedroom community, m² 3,287.01
Transport Price, €
Public transport, 1 ride 2.7
Monthly travel card 70.0
Taxi, 1 km 2.0
Petrol, 1 l 1.4
Food Price, €
Water, 1.5 l 0.35
Milk, 1 l 0.73
White bread, 500 g 1.29
Eggs, a dozen 1.67
Chicken fillet, 1 kg 7.33
Education Price, €
Kindergarten, per month 300.57
International school, per year 15,379.86
Health care index
Staff competence 77.95
Medical equipment 89.84
Research accuracy and completeness 75.51
Attitude towards patients 69.19
Security index
Crime rate 34.2
The risk of being robbed 32.38
The risk of car theft 31.92
The risk of break-in and property damage 42.93

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Olga Starintseva
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+44 17 4822 0039
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