Apartment building in Stuttgart, Baden-Württemberg, Germany

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Apartment building in Stuttgart, Baden-Württemberg, Germany

2,550,000 €
6,375 € /m²
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  • Total area
    400 m²
  • Yield
    5.3 %
  • Rental rate (m²/month)
    27 €
  • Built in 
    1910
Details
Property parameters
  • Leasable area: 350 m²
  • Land area: 180 m²
  • Total apartments: 19
  • 4-floor building
Financial performance
  • Annual income: 134,000 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 5.0 %
  • Broker: 5.0 %

Apartment building with microapartments near the city center.

Description

The property includes:

  • residential areas (19 microapartments), 300 m²
  • office in the basement, 50 m²
  • non-residential areas (hallways), 50 m²

Facilities:

  • Central heating system
  • Cable TV

Certificate of energy consumption:

  • Consumption value: 111 kWh/ m²
  • Valid until: 04/01/2025

The property is currently being renovated.

The end of works is due to 2020 spring-summer.

Type of deal: Asset Deal.

Financial performance

Annual rental income (after utility payments, annual property tax and insurance) — 134,000 €.

The yield is 5.3%.

Tenants

Fully let.

Transaction costs

Notary (state registration): 1.5 – 2%.

Acquisition tax: 5%.

Brokerage fee: 5% + VAT 19% (total 5.95%).

Location

The property is located near the city center, in the old and the largest district of the city.

The local landmarks include the eclectic palace complex and zoological and botanical garden, the festival square and the stadium of the football club.

There are restaurants, cafes, a bar, pharmacies, shops, a wellness center and car parks nearby.

Stuttgart is the administrative center of Baden-Württemberg, one of the most important industrial and cultural centers of Germany. With the population of more than 630 thousand people, it is the 6th largest city in Germany.

The city with its agglomeration (5.3 million people) is one of 20 metropolitan areas with the largest percentage of gross domestic product in Europe.

The city is home to large companies such as Mercedes-Benz, Siemens, Porsche, Bosch. The median income is higher than the national average one, and the unemployment rate is only 3.3%.

Stuttgart is an important transport hub of Germany with an international airport (capacity of 11.8 million) and a railway station (traffic flow of 220k per day).

Stuttgart is considered to be one of the largest innovation centers in Europe and has the highest level of prosperity among all cities in Germany. The high level of livability and the income rate explain the stable demand for microapartments in Stuttgart.

  • Property on the map
    Location right down to the building, street or city

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 Stuttgart elsewhere on our website.

Statistics in Stuttgart

Price per m², €
5,943
Healthcare efficiency level
71
Index 71 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
73
Index 73 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 5,942.86
Apartment in a bedroom community, m² 4,285.71
Transport Price, €
Public transport, 1 ride 2.7
Monthly travel card 80.0
Taxi, 1 km 2.4
Petrol, 1 l 1.4
Food Price, €
Water, 1.5 l 0.42
Milk, 1 l 0.72
White bread, 500 g 1.47
Eggs, a dozen 1.99
Chicken fillet, 1 kg 6.81
Education Price, €
Kindergarten, per month 310.8
International school, per year 14,400.0
Health care index
Staff competence 79.17
Medical equipment 87.5
Research accuracy and completeness 70.24
Attitude towards patients 66.67
Security index
Crime rate 23.02
The risk of being robbed 20.31
The risk of car theft 21.88
The risk of break-in and property damage 32.31

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

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