Apartment building with a restaurant on the ground floor.
Description
Apartment building with a restaurant and a dental office on the ground floor, accommodating four flats of 100 m² each.
Restaurant`s equipment is included in the price.
Absolute annual income is 195,000 € + 2% of the restaurant's profit.
Current yield is 4,6%
There is a possibility of obtaining bank financing up to 80% of the cost of the property.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6,0%.
Brokerage fee is 5,0% + VAT 19% (total 5,95%).
The building is located in the prestigious suburb of Frankfurt with a population of about 40 thousand people.
Frankfurt is about 20 km away.
Frankfurt am Main is the largest city in the land of Hessen and the 5th largest city in Germany. Its population is more than 730,000 people. Frankfurt is the center of commerce, culture, education, tourism, and a transport hub.
Frankfurt is the 2nd city in Germany and the 48th in the world in terms of the cost of living (Mercer Human Resource Consulting). The city is the largest labor market in Germany, there are 922 jobs per 1000 inhabitants here.
There are about 43,000 companies in Frankfurt. The offices of such international and European corporations as Nestlé Deutschland, LinkedIn, Kern AG, and Lufthansa Consulting are located here.
Messe Frankfurt — the 3rd largest international exhibition center in the world, has more than 800-year history. Annually Messe Frankfurt holds more than 100 exhibitions around the world.
Frankfurt International Airport is among the 10 largest in the world, its passenger traffic is more than 54 million people a year. The city has a well-developed transport system. The central station of Frankfurt serves about 450,000 passengers per day. The busiest European interchange is the crossing of the A3 and A5 highways with a daily throughput of about 340,000 cars.
