Apartment building in Dortmund, North Rhine-Westphalia, Germany

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Apartment building in Dortmund, North Rhine-Westphalia, Germany

11,988,000 €
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  • Yield
    5.0%
  • Rental rate (m²/month)
    5 €
  • Built in 
    1982
Details
Property parameters
  • Leasable area: 9,496 m²
  • Total apartments: 131
  • Number of parking lots: 35
Financial performance
  • Annual income: 599,384 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 3.0% + VAT

Apartment building in Dortmund.

Description

Apartment building with a total leasable area of 9,496 m² includes 131 apartments and 35 parking places.

Financial performance

The current annual income is 599,384 €.

The current yield is 5%.

The expected annual income is 670,936 €.

The expected yield is 5.6%.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.5%.

Brokerage fee is 3% + VAT 19% (total 3.57%).

Location

The building is located in Dortmund, 10 km from the city center. There is the S-Bahn train station in the immediate vicinity of the building.

North Rhine-Westphalia is the land of the Federal Republic of Germany with a population of 17.5 million people (the most populated of the German lands). It ranks 4th in Germany in terms of area.

22% of Germany’s GDP comes from NRW. The main industry in NRW is engineering and equipment manufacturing, biotechnology, chemical industry, and etc.

North Rhine-Westphalia is the center of trade in Germany, because it houses the headquarters of several leading German trading concerns with the largest turnover, for example, Deutsche Telekom AG, ALDI NORD, Die Deutsche Post, Bayer, Lufthansa Group, REWE. DE.

  • 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.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

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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 apartment building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
5.0%
8—10%
Investment budget
11,987,680 €
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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