The five-storey apartment building with commercial premises on the ground floor.
Description
The property was built in 1957 and renovated in 2013.
The building includes 15 apartments of 950,58 m² and 4 commercial premises of 320,03 m².
5 residential units are vacant.
There is a parking for 7 cars in the territory of the house.
Energy Performance Certificate:
- energy performance certificate type: Consumption
- main energy sources: gas
- consumption value: 240,00 kWh/m²a
- valid until: 02.12.2018
Absolute annual income is 69,018 €.
The current yield of 7.6%.
Financial performance on the condition that all units are leased out:
Projected annual income is 72,318 €.
Projected yield of 7.9%.
Notary (state registration) is 1.5–2%.
Acquisition tax is 5.0%.
Brokerage fee is 5.95%.
The building is located in the center of the city with a population over 80,000, in the federal state Lower Saxony. Public transport stops, parks, a bank, a post office, a supermarket and a bakery are situated not far from the property.
