Portfolio of 2 apartment buildings in Solingen.
Description
2 adjacent residential buildings with a commercial unit and balconies.
The buildings include:
- 11 apartments (34 rooms, with total area 864 m²)
- 1 commercial unit (140 m²)
4 apartments are completely renovated in recent years.
2 free apartments are currently being renovated.
The roof of the house 1 was renovated in 2016.
Equipment
- gas heating (since 2007, in building 2 only gas floor heating)
The absolute annual income is 65,232 €.
The current yield is 6,5%.
The buildings are fully rented.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6,5%.
Brokerage fee is 6% + VAT 19% (total 7,14%).
The apartment buildings are located not far from Bülovplatz in Solingen (North Rhine-Westphalia Federal State).
You can quickly reach the bus station Graf Wilhelm-Platz and the city center by car or by public transport.
Convenience stores are within a walking distance of the buildings.
The population of the city is more than 160,000 people.
Solingen is a part of the Rhine-Ruhr region, the most populous conurbation of Germany.
Solingen is known worldwide as a manufacturer of high-quality blades, knives and other cutting tools. In 2012 the city received the official name ”Solingen — City of Blades“.
The attractions of the city are: the medieval castle Burg (the former residence of the rulers of the Bergish country) and the highest in Germany the Müngsten railway bridge (107 meters).
