Apartment building, Bavaria, Germany

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Apartment building, Bavaria, Germany

12,000,000 €
3,269 € /m²
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  • Total area
    3,670 m²
  • Yield
    4.0 %
Details
Property parameters
  • Land area: 4,500 m²
  • Total apartments: 32
  • Number of parking lots: 77
Financial performance
  • Annual income: 480,000 €
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.5 %
  • Broker: 3.0 %

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.

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    Location right down to the building, street or city
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Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

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  • 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
4.0%
8—10%
Investment budget
12,000,000 €
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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