Student dormitory (building) – Bamberg, Bavaria, Germany

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Student dormitory (building) – Bamberg, Bavaria, Germany

21,500,000 €
5,512 € /m²
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  • Total area
    3,900 m²
  • Yield
    3.4 %
  • Completion in
    2021.III
Details
Property parameters
  • Land area: 2,300 m²
  • Total premises: 141
  • Number of parking lots: 70
  • 5-floor building
Financial performance
  • Annual income: 738,150 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.5 %
  • Broker: 3.57 %

The project of a student dormitory located near the university in Bamberg.

Description

The end of construction is scheduled for September 2021.

The property includes:

  • 141 student apartments from 21 to 94 m²
  • cafe on the ground floor
  • dining room with an area of ​​about 190 m²
  • common lounge areas on the second and third floors
  • laundry/drying room
  • underground parking for 61 cars
  • open parking for 9 cars

Modern apartments are fully furnished and equipped with air conditioning, TV antenna, telephone and a private bathroom.

Location

The property is located about 25 minutes walk from the University of Otto-Friedrich which has about 13,500 thousand students. Various cafes and restaurants are located within walking distance. There are also several supermarkets and discount stores in the area. A popular shopping street is also within walking distance.

The train station is about 10 minutes walk.

Bamberg is located in the federal state of Bavaria, the population of the city is more than 75 thousand people.

Bamberg is a leading economic center in the Upper Franconia region. A good situation in the labor market and a large number of students guarantee high demand in the housing market.

Bamberg is famous for its ancient cathedrals (11–12 centuries), the large folk festival Sanderwa, as well as its beer, which has been brewed here for almost a thousand years. In addition, the most famous German orchestra, the Bamberg Symphony Orchestra, founded in 1946, is based here.

The expected population growth (2018 – 2030) is 6.9%.

The unemployment rate is 4.3%.

The centrality index is 127.0.

  • Property on the map
    Location right down to the building, street or city

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

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  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a student dormitory (building) purchase with a construction loan

Investment vehicle
Student dormitory (building)
Construction loan
Yield per annum
3.4%
8—10%
Investment budget
21,500,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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