Apartment building, Bremerhaven, Germany

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Apartment building, Bremerhaven, Germany

400,000 €
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  • Yield
    7.9 %
  • Built in 
    1953
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Details
Property parameters
  • Leasable area: 540 m²
  • Land area: 235 m²
  • Total apartments: 9
  • 4-floor building
Financial performance
  • Annual income: 31,632 €
Tenants
  • Occupancy: 90 %
Property status
  • Most recent total renovation: 2012
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 5.0 %
  • Broker: 5.0 %

Four-storey apartment building in Bremerhaven.

Description

The apartment building includes 9 apartments with a total area of 540 m².

In 2012, the house was renovated: the facades were insulated, the pipes and wiring were repaired, new bathrooms and shower cabins were installed, new entrance and interior doors were installed.

The building is constantly maintained in good condition.

Financial performance

The absolute annual income is 31,632 €.

The current yield is 7,9%.

Tenants

One flat is vacant.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

The brokerage fee is 5% + 19% VAT (in total 5.95%).

Location

The property is located in the north-west of Germany, in the city of Bremerhaven. There is a sports complex, supermarkets, kindergartens, a school and a park located nearby.

Bremerhaven is the largest city on the German coast of the North Sea. The population of the city has increased by 15% since 2009 and currently exceeds 120 thousand people.

The unemployment rate has decreased by almost 13% since 2009. Bremerhaven is not only one of the most lucrative real estate locations, but also a hi-tech development center, where over 15,000 jobs have appeared over the past 18 years.

The city has developed the construction and maintenance of offshore wind turbines. The leading wind industry hardware suppliers and 5 R & D organizations have already established and/ or expanded their operations here.

The Port is the 5th largest in Europe and the continent’s largest for frozen foods and ship-based vehicle import & export.

Public transport stops, restaurants, a gas station, shops, schools and kindergatens are situated not far from the property.

The distance to Bremen is 60 km.

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Anna Kurianovich
Anna Kurianovich
Investment consultant in Bremerhaven
+44 17 4822 0039
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