Apartment building in Dortmund.
Description
Apartment building with a total leasable area of 3,450 m² includes 65 apartments and 3 parking places.
The current annual income is 187,297 €.
The current yield is 5%.
The expected annual income is 223,159 €.
The expected yield is 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, 7 km from the city center.
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.
