Apartment building in Augsburg, Bavaria, Germany

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Apartment building in Augsburg, Bavaria, Germany

3,350,000 €
2,791 € /m²
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  • Total area
    1,200 m²
  • Yield
    3.3%
Details
Property parameters
  • Total apartments: 10
  • Number of parking lots: 7
Financial performance
  • Annual income: 110,000 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.0% + VAT

Apartment building with residential and commercial premises in Augsburg.

Description

Two adjacent buildings with a total area of more than 1,200 m²:

  • 10 apartments
  • 5 commercial units
  • 3 garages
  • 4 parking spaces

Financial performance

The annual income is 110,000 €.

The yield is 3.3%.

Tenants

The property is fully let.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

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

Location and nearby infrastructure

The property is located in Bavaria, in the city of Augsburg, 3 km from the city center. The nearest public transport stop is less than 100 meters away.

With a population of 300,000 inhabitants, Augsburg is the third largest city in Bavaria and a major scientific and industrial center.

Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Augsburg.

All ads in the country: apartment buildings for sale in Germany.

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
3.3%
8—10%
Investment budget
3,350,000 €
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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