Apartment building, Dusseldorf, Gemany

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Apartment building, Dusseldorf, Gemany

1,685,000 €
3,424 € /m²
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  • Total area
    492 m²
  • Yield
    3.0%
  • Built in 
    1904
Details
Property parameters
  • Land area: 311 m²
  • Total apartments: 5
  • 4-floor building
Financial performance
  • Annual income: 53,419 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2016
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 6.0% + VAT

Four-storey residential house.

Description

Total area is 492 m²

Building was renovated in 2016.

House includes 5 apartments with living area from 79 to 110 m² Flats have high ceilings — 3 metres. Each apartment has a storage room in basement.

Financial performance

Absolute income is 53,419 €.

The current yield of 3%.

Transaction costs

Notary fee of 1.5%.

RE purchase tax of 6.5%.

The broker's fee of 6%.

Location and nearby infrastructure

The apartment building situated in the heart of one of the districts in Dusseldorf, within walking distance to shopping streets, cafe, restaurants and public transport stops, which provides direct access to the city centre. There are the Basilica of St. Paul and the zoo in proximity from the building.

More properties

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

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.

Find out more
  • 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
3.0%
8—10%
Investment budget
1,685,000 €
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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