Residential house with commercial premises.
Description
The area of the house is 833 m²
The building consists of 14 apartments, a cafe and an office unit.
The property was built in 1962. In 2016, the building was renovated.
Financial performance
Absolute annual income is 175,000 €.
The current yield of 5%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
The brokerage fee is 5.95%.
Location and nearby infrastructure
The apartment building is located in the city of Mainz, in the state of Rheinland-Palatinate. There is a promenade situated in proximity from the property. The population of the city is about 200 thousand people.
