Apartment building, Frankfurt am Main, Germany

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Apartment building, Frankfurt am Main, Germany

4,200,000 €
3,818 € /m²
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  • Total area
    1,100 m²
  • Yield
    4.6%
Details
Property parameters
  • Land area: 945 m²
  • Total apartments: 4
Financial performance
  • Annual income: 195,000 €
Loan
  • Loan size: 80% of the value of the property
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 5.0% + VAT

Apartment building with a restaurant on the ground floor.

Description

Apartment building with a restaurant and a dental office on the ground floor, accommodating four flats of 100 m² each.

Restaurant`s equipment is included in the price.

Financial performance

Absolute annual income is 195,000 € + 2% of the restaurant's profit.

Current yield is 4,6%

Loan

There is a possibility of obtaining bank financing up to 80% of the cost of the property.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6,0%.

Brokerage fee is 5,0% + VAT 19% (total 5,95%).

Location and nearby infrastructure

The building is located in the prestigious suburb of Frankfurt with a population of about 40 thousand people.

Frankfurt is about 20 km away.

Frankfurt am Main is the largest city in the land of Hessen and the 5th largest city in Germany. Its population is more than 730,000 people. Frankfurt is the center of commerce, culture, education, tourism, and a transport hub.

Frankfurt is the 2nd city in Germany and the 48th in the world in terms of the cost of living (Mercer Human Resource Consulting). The city is the largest labor market in Germany, there are 922 jobs per 1000 inhabitants here.

There are about 43,000 companies in Frankfurt. The offices of such international and European corporations as Nestlé Deutschland, LinkedIn, Kern AG, and Lufthansa Consulting are located here.

Messe Frankfurt — the 3rd largest international exhibition center in the world, has more than 800-year history. Annually Messe Frankfurt holds more than 100 exhibitions around the world.

Frankfurt International Airport is among the 10 largest in the world, its passenger traffic is more than 54 million people a year. The city has a well-developed transport system. The central station of Frankfurt serves about 450,000 passengers per day. The busiest European interchange is the crossing of the A3 and A5 highways with a daily throughput of about 340,000 cars.

More properties

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

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
4.6%
8—10%
Investment budget
4,200,000 €
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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