Apartment building – Baden-Württemberg, Germany

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Apartment building – Baden-Württemberg, Germany

3,990,000 €
3,829 € /m²
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  • Total area
    1,042 m²
  • Yield
    4.7%
  • Built in 
    2019
Details
Property parameters
  • Land area: 1,441 m²
  • Total apartments: 9
  • Number of parking lots: 10
  • 4-floor building
Financial performance
  • Annual income: 187,560 €
Tenants
  • No tenants
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0% + VAT

Two turnkey apartment buildings under construction.

Description

The houses include 9 residential units:

  • Rooms in total: 49
  • Bathrooms: 10
  • Bedrooms: 20

Individual planning of living spaces and equipment is possible.

Equipment:

  • Heated floors
  • Lift
  • Basement
  • Cable TV
  • 10 underground parking spaces
  • Terrace and balcony
  • Modern heating technology
  • Stonework with the usage of natural materials
  • Video intercom with color display
  • Electric shutters
  • Smart Home System
  • Carefully selected parquet and tiles

The indicated price is based on the current estimated cost of planning.

Financial performance

Absolute annual income is 187,560 €

Current yield is 4,7%

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

Brokerage fee is 6% + VAT 19% (total 7,14%).

Location

The property is located in a town of nearly 120,000 inhabitants in the federal state of Baden-Württemberg, in the southwest of Germany. It is situated between the cities of Stuttgart (near 50 km) and Karlsruhe (near 30 km).

Unemployment rate: 5.5% as of June 2018.

Purchasing power: 22,059 euros per capita.

The location is a cleared plateau 352 m above sea level and is U-shaped by the forest. It is close to the park and has direct access to the hiking trails. Buses run every 30 minutes to the center of the city.

More properties

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

All ads in the country: apartment buildings for sale in Germany.

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