Apartment building in Dortmund.
Apartment building with a total leasable area of 9,496 m² includes 131 apartments and 35 parking places.
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%.
Notary (state registration) is 1.5–2%.
Acquisition tax is 6.5%.
Brokerage fee is 3% + VAT 19% (total 3.57%).
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.