Micro-apartments on campus, Hessen, Germany

Additional information is provided after the signing of an NDA

Micro-apartments on campus, Hessen, Germany

7,300,000 €
4,649 € /m²
Mortgage calculator
Learn the property location
Send the listing to yourself
  • Total area
    1,570 m²
  • Yield
    4.8 %
  • Rental rate (m²/month)
    18 €
  • Completion in
    2020.IV
Details
Property parameters
  • Leasable area: 1,570 m²
  • Land area: 1,919 m²
  • Total apartments: 44
  • Number of parking lots: 92
  • 3-floor building
Financial performance
  • Annual income: 348,000 €
Loan
  • Loan size: 50% of the value of the property
  • Rate: 2.0 %
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.0 %
  • Broker: 4.0 %

The project of micro-apartments located on the campus. The construction is planned to be finished at the end of 2020.

Description

A modern residential complex under construction with a management company and a concierge service consisting of 44 apartments:

  • 24 one-room apartments from 25 to 30 m²
  • 20 two-room apartments from 40 to 50 m²

All apartments are equipped with furniture, many have a balcony or terrace.

42 underground and 2 parking lots for cars and 48 parking lots for bicycles will also be built.

On the ground floor there will be a room equipped with washing machines and a coffee/ tea machine.

Deal type: Forward Deal.

It is possible to buy the whole project, by apartment (from 137.000 to 230.000 €) or a package of apartments.

Financial performance

The expected annual income of the project is 348,000 €.

The expected yield of the project is 4,8%.

The expected yield from the rental of one apartment is from 3% to 4.5% (depending on the area and cost).

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 6%.

Brokerage fee is 4% + VAT 19% (total 4,76%).

The cost of ownership

The cost of the services of the management company will be about 15,000 €/year. The management company is ready to sign a contract for 5 years + extencsion options.

Location

The property is located on campus, in the federal state of Hessen. More than 30 thousand students study here, therefore there is a great demand for such apartments.

The shopping center can be reached in 5 minutes, the city center, all universities and the central station can be reached by bike in about 10 minutes.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other apartment buildings for sale in Germany.

You can see more apartment buildings for sale in Hessen elsewhere on our website.

Statistics in Germany

Price per m², €
4,962
Healthcare efficiency level
74
Index 74 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
65
Index 65 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 4,962.39
Apartment in a bedroom community, m² 3,420.66
Transport Price, €
Public transport, 1 ride 2.7
Monthly travel card 70.0
Taxi, 1 km 2.0
Petrol, 1 l 1.41
Food Price, €
Water, 1.5 l 0.34
Milk, 1 l 0.71
White bread, 500 g 1.29
Eggs, a dozen 1.84
Chicken fillet, 1 kg 7.35
Education Price, €
Kindergarten, per month 309.39
International school, per year 14,421.73
Health care index
Staff competence 76.94
Medical equipment 89.26
Research accuracy and completeness 75.75
Attitude towards patients 68.17
Security index
Crime rate 34.26
The risk of being robbed 32.33
The risk of car theft 31.76
The risk of break-in and property damage 43.13

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics
Location choice
  • more ...
  • City, Region, Country
Loading...
  • Nothing found
  • Nothing found