Apartment building, Hesse, Germany

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Apartment building, Hesse, Germany

2,610,000 €
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  • Yield
    3.5%
  • Rental rate (m²/month)
    8 €
  • Built in 
    1971
Details
Property parameters
  • Leasable area: 1,002 m²
Financial performance
  • Annual income: 92,500 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 3.0% + VAT

Apartment building in Hesse.

Description

The building consists of 14 two- and three-room apartments ranging in size from 64 to 76 m².

All apartments have a balcony.

The building is in excellent condition.

Financial performance

The annual income is 92,500 €.

The yield is 3.5%.

Tenants

The property is fully let.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

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

Location and nearby infrastructure

The building is located in Hesse, in a city with a population of about than 15,000 people.

Hesse is astate in the west-central part of Germany. Hesse is bounded by the states of Lower Saxony to the north, Thuringia to the east, Bavaria to the southeast, Baden-Württemberg to the south, Rhineland-Palatinate to the west, and North Rhine–Westphalia to the northwest. Its capital is Wiesbaden.

More properties

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

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
3.5%
8—10%
Investment budget
2,610,000 €
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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