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 %
  • Rental rate (m²/month)
    10 €
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.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other apartment buildings for sale in Germany.

You can see more apartment buildings for sale in Bavaria elsewhere on our website.

Statistics in Germany

Price per m², €
4,962
Healthcare efficiency level
74
Index 74 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
65
Index 65 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 4,962.39
Apartment in a bedroom community, m² 3,420.66
Transport Price, €
Public transport, 1 ride 2.7
Monthly travel card 70.0
Taxi, 1 km 2.0
Petrol, 1 l 1.41
Food Price, €
Water, 1.5 l 0.34
Milk, 1 l 0.71
White bread, 500 g 1.29
Eggs, a dozen 1.84
Chicken fillet, 1 kg 7.35
Education Price, €
Kindergarten, per month 309.39
International school, per year 14,421.73
Health care index
Staff competence 76.94
Medical equipment 89.26
Research accuracy and completeness 75.75
Attitude towards patients 68.17
Security index
Crime rate 34.26
The risk of being robbed 32.33
The risk of car theft 31.76
The risk of break-in and property damage 43.13

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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Anna Kurianovich
Anna Kurianovich
Investment consultant in Bavaria
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