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Residential complex of micro-apartments in Nuremberg, Bavaria, Germany

7,900,000 €
5,470 € /m²
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  • Total area
    1,444 m²
  • Yield
    3.84%
  • Built in 
    2021
Details
Property parameters
  • Land area: 780 m²
  • Total apartments: 51
  • 5-floor building
Financial performance
  • Annual income: 303,240 €

The new residential complex consists of 51 apartments with 1–2 rooms area from 21 to 50 m². Apartments are fully furnished and equipped with quality appliances. The building will have a barrier-free lift, 42 storage rooms, a well-groomed courtyard with space for bicycles, 3 outdoor parking spaces, a laundry room, and an electric scooter charging station.

Equipment:

  • sanitary ware from Villeroy & Boch, Grohe, Geberit
  • built-in kitchen with household appliances
  • furniture — a bed with a mattress, a table, a wardrobe, a shelf, a sofa, a workplace with armchairs, a mirror, a dressing shelf
  • quality floors and tiles
  • connection for TV and internet

Completion of construction — 4th quarter of 2021. Demolition work on the construction plot has already been completed.

Property will be in high demand among students, professionals who come to the city for work, singles and young families.

Transaction costs

Commission 3% + VAT.

Location and nearby infrastructure

Due to its historical past, Nuremberg become a cultural, tourist and economic center. Such corporate giants as Siemens, Adidas, Puma, Schaeffler, DATEV, Diehl, MAN, etc. have built their headquarters in this region. Many educational institutions and research centers are concentrated here. Nuremberg is one of the main transport hubs in Europe — there is an airport, high-speed rail, motorways A3, A6, A9. Economic centers such as Munich, Regensburg or Ingolstadt can be reached in 60 minutes, thanks to the close proximity of Nuremberg Central Station.

The complex is located in the Glockenhof district — a developed area next to the central train station and the historic center of Nuremberg.

More properties

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

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.

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  • 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
3.8%
8—10%
Investment budget
7,900,000 €
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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