Apartment package, Baden-Wurttemberg, Germany

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Apartment package, Baden-Wurttemberg, Germany

1,265,000 €
5,000 € /m²
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  • Total area
    253 m²
  • Yield
    3.8%
  • Built in 
    2018
Details
Property parameters
  • Number of parking lots: 24
Financial performance
  • Annual income: 48,576 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 3.0% + VAT

Ten rental flats.

Description

Apartments in the student dormitory under construction.

The dormitory consists of 49 single-room apartments and 20 double-room apartments. The building has an underground parking for 24 cars and a laundry.

The area of the flats varies from 16 to 55 m²

The living area of five apartment is 253 m²

Financial performance

The rental price of 1 m² is 16 euros.

The projected absolute annual income is 48,576 €.

The projected yield is 3.8%.

Transaction costs

Notary fee of 1.5–2%.

RE purchase tax of 5%.

The broker's fee of 3%.

Location and nearby infrastructure

The student dormitory is located in the developed area of the city. The University is situated within 20 minutes drive via public transport. The population of the city is more than 100 thousand people.

More properties

If this ad doesn't suit you, have a look at the other block of flats for sale in Baden-Württemberg.

All ads in the country: block of flats 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 units purchase with a construction loan

Investment vehicle
Apartment units
Construction loan
Yield per annum
3.8%
8—10%
Investment budget
1,265,000 €
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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