2 apartment buildings in Duisburg.
Two 11-storey residential buildings with parking.
The property includes:
- 176 apartments (with balcony or loggia)
- 62 underground parking spaces
Both buildings consist mainly of 2-bedroom apartments with an area of 48.8 m², 52.6 m², 53.3 m² and 62 m².
Over the past 2 years about 2 million euros have been spent on repairing the condominium.
- central heating
- fire protection
Currently 20 vacant apartments are being renovated step by step (approximately 2 per week).
A full condo rental is planned in the 2nd half of 2018.
The absolute annual income is 469,541 €.
The current yield is 6,5%.
The projected absolute annual income is 600,931 €.
The projected yield of 8,4%.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6,5%.
Brokerage fee is 4% + VAT 19% (total 4,76%).
The property is located in one of the districts of Duisburg.
Duisburg is the city in western Germany near Düsseldorf. The population of the city is more than 500,000 people.
There are well developed ferrous metallurgy, machine building, production of building materials in the city. The headquarters of the company Tisser-Krupp is located in the city. Duisburg is the largest river port in Europe.
The condominium is located in the area with a well-developed infrastructure. There is a pedestrian shopping street, supermarkets, a weekly market, a swimming pool, kindergartens, primary and secondary schools, restaurants, pubs and cafes here.
There is an easy access to the A 4 and A 57 motorways for motorists. You can reach the center of Duisburg in 30 minutes by public transport.
Every year in August the famous Fountain Festival takes place here.