Residential complex, Karlsruhe, Baden-Württemberg, Germany

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Residential complex, Karlsruhe, Baden-Württemberg, Germany

5,600,000 €
5,063 € /m²
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  • Total area
    1,106 m²
  • Yield
    3.5%
  • Rental rate (m²/month)
    15 €
Details
Property parameters
  • Leasable area: 1,106 m²
  • Total apartments: 14
  • Number of parking lots: 20
Financial performance
  • Annual income: 199,080 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0% + VAT

Residential complex, being under construction.

Description

Residential complex with an underground parking with eight individual parking spaces and six two-level parking spaces.

The complex accommodates 14 flats of which:

  • 3 — studios
  • 10 — one-bedroom flats
  • 1 — a two-bedroom flat

Equipment

  • parquet floors
  • underfloor heating
  • three-layer glazing
  • video intercom

Financial performance

Projected annual income is 199,080 €.

Projected current yield is 3.5%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5.0%.

Brokerage fee is 6% + 19% VAT (total 7.14%).

Location and nearby infrastructure

Baden-Württemberg is a region with a highly developed economy and one of the lowest unemployment rates in Germany.

The property is located in a famous city, in a district with a developed infrastructure, near a bus stop, a metro station, several schools, a kindergarten and a well-groomed green area and is surrounded by many shops, pharmacies, bars and restaurants.

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

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
3.5%
8—10%
Investment budget
5,600,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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