An apartment building with commercial premises in Frankfurt.
Description
A 6-storey building with commercial premises.
Apartment options: 1- and 2-room apartments (2-room apartments — on the top floor).
The property includes:
- 18 residential units (452 m²)
- 2 commercial units (154 m²)
The absolute annual income is 182,500 €.
The current yield is 3,3%.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6,0%.
Brokerage fee is 6% + VAT 19% (total 7,14%).
The apartment building is located not far from the city center and the banking district, in 2.2 km away from the central railway station, in 10.9 km away from the airport.
Frankfurt am Main is the largest city in the land of Hessen and the 5th largest city in Germany (the population is more than 730,000 people).
Frankfurt is the center of commerce, culture, education and a transport hub. This is the only city in Germany that entered the list of 20 world “alpha cities“. 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 economy of Frankfurt is based on ”three pillars“: finance, transport and fair activities. There are about 300 national and foreign banks in Frankfurt, including the European Central Bank, German Federal Bank and Frankfurt Stock Exchange, which defines the monetary policy of the eurozone countries.
The international airport, located 12 km away from the center of the metropolis, is among 10 largest in the world.
The city is the largest labor market in Germany, there are 922 jobs per 1000 inhabitants here.
There are the world's largest educational institutions in Frankfurt, including the world-famous Goethe University with more than 44,000 students (2018).
