Portfolio of 12 apartment buildings in Rhineland-Palatinate.
Description
The portfolio consists of 61 apartments and 40 garages with a total area of 5,100 m².
All buildings are in good condition.
Deal type: share deal.
The annual income is 360,000 €.
The yield is 5.8%.
There is a possibility to increase rental income up to € 370,000 with 100% rental of premises.
The property is leased by 97%.
There is a management company.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
Brokerage fee is 3% + VAT 19% (total 3.57%).
Apartment buildings are located in Rhineland-Palatinate in two cities with a population of 170,000 and 40,000 people.
Rhineland-Palatinate is a state of Germany located in the west of the country. It borders three foreign countries: France, Luxembourg and Belgium. Rhineland-Palatinate leads all German states with an export rate around 50%. Important sectors are the winegrowing, chemical, pharmaceutical, and auto parts industries.
