Apartment building, Baden-Württemberg, Germany

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Apartment building, Baden-Württemberg, Germany

12,950,000 €
3,730 € /m²
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  • Total area
    3,471 m²
  • Yield
    4.0%
Details
Property parameters
  • Land area: 4,500 m²
  • Total apartments: 40
  • Number of parking lots: 41
Financial performance
  • Annual income: 550,000 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 3.0% + VAT

2 apartment buildings under construction in the federal state of Baden-Württemberg.

Description

2 new multi-apartment residential buildings ”turnkey“.

There is a building permit.

Financial performance

The projected annual income is 550,000 €.

The projected yield is 4,0%.

Transaction costs

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

Acquisition tax is 5,0%.

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

Location and nearby infrastructure

The property is located in the town with the population about 60,000 people in the federal land Baden-Württemberg.

The Baden-Württemberg region has a developed economy and the lowest unemployment rate in Germany. There are such world-famous companies as Mercedes-Benz, Audi Sport GmbH, Daimler AG, IBM, Karl Storz, Porsche AG, Robert Bosch GmbH, SAP, Voith, Testo, ZF Friedrichshafen AG here.

One of the most important sectors of the economy is publishing, about 40% of all German books are published here.

There are 9 universities, 39 specialized universities, and about 130 scientific research institutions in the region. Heidelberg and Tübingen universities are among the oldest in Europe. The beauty of nature and the abundance of historical attractions contribute to the development of tourism in the region.

The distance to Strasbourg airport is about 30 km, to Karlsruhe/ Baden-Baden airport — about 40 km.

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If this ad doesn't suit you, have a look at the other apartment buildings for sale in Baden-Württemberg.

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