Apartment building, Duisburg, Germany

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Apartment building, Duisburg, Germany

7,200,000 €
755 € /m²
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  • Total area
    9,530 m²
  • Yield
    6.5 %
  • Built in 
    1971
Details
Property parameters
  • Land area: 10,880 m²
  • Total apartments: 176
  • Number of parking lots: 62
  • 11-floor building
Financial performance
  • Annual income: 469,541 €
Tenants
  • Occupancy: 89 %
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.5 %
  • Broker: 4.0 %

2 apartment buildings in Duisburg.

Description

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.

Equipment

  • 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.

Financial performance

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%.

Transaction costs

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

Acquisition tax is 6,5%.

Brokerage fee is 4% + VAT 19% (total 4,76%).

Location

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.

  • 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 Duisburg elsewhere on our website.

Statistics in Duisburg

Price per m², €
2,500
Safely rate
55
Index 55 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 2,500.0
Apartment in a bedroom community, m² 2,000.0
Transport Price, €
Public transport, 1 ride 2.5
Monthly travel card 60.0
Taxi, 1 km 2.2
Petrol, 1 l 1.37
Food Price, €
Water, 1.5 l 0.38
Milk, 1 l 0.69
White bread, 500 g 1.28
Eggs, a dozen 1.5
Chicken fillet, 1 kg 6.6
Education Price, €
Kindergarten, per month 375.0
International school, per year 16,000.0
Security index
Crime rate 50.0
The risk of being robbed 45.0
The risk of car theft 35.0
The risk of break-in and property damage 55.56

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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