A residential and business complex in Wuppertal.
The property includes:
- office areas (80%)
- residential buildings
- art site
The absolute annual income is 498,898 €.
The current yield of 5,7%.
Bank financing at 1.9% per annum for a period of 10–20 years is possible.
The complex is rented by 90%.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6,5%.
Brokerage fee is 6% + VAT 19% (total 7,14%).
The complex is located in the city of Wuppertal (Düsseldorf administrative district). The population of the city is more than 350,000 people.
The city hosts the European Institute of International Economic Relations (in University of Wuppertal).
One of the main types of public transport in the city is a monorail suspension system on trestles, performing the function of the underground. Also there is a bus service, a railway station for suburban and long-distance trains in Wuppertal.
The city is a production site of the company Wera Tools — a well-known European manufacturer of professional tools.
The list of attractions and cultural values of the city includes the Wuppertal dance theater, a botanical garden, a town hall, a museum of trams.