Apartment building, Mainz, Germany

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Apartment building, Mainz, Germany

3,500,000 €
4,201 € /m²
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  • Total area
    833 m²
  • Yield
    5.0%
  • Built in 
    1962
Details
Financial performance
  • Annual income: 175,000 €
Property status
  • Most recent total renovation: 2016
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0% + VAT

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.

More properties

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

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
5.0%
8—10%
Investment budget
3,500,000 €
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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