Nine residential buildings.
Description
Total area of buildings is 10,189 m²
Buildings are situated on the same land plot with the area of 18,625 m²
The property includes 504 units: 294 student apartments, 200 flats and 10 office premises.
Buildings were built in 1994. In 2015, they were renovated.
The puchase price of the property includes a parking for 258 cars.
Type of transaction: Asset Deal and Share Deal.
Absolute annual income is 1,830,000 €.
The current yield of 8%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
The broker's fee of 3%.
The property is located in the northern part of Magdeburg. A public transport stop is situated within walking distance from buildings, a railway station is situated in 1 kilometre away from the property. The population of the city is 220 thousand people.
