Block of flats in Frankfurt

Apartment package in the city center.

Description

The package includes 5 apartments with a total area of 308 m²:

• 1-room apartment with an area of 48 m²;
• three 2-room apartments of 63 m²;
• 2-room apartment with an area of 71 m².

The price includes 5 parking spaces.

All apartments are leased for long term. Lease agreements are valid until 2034.

The annual income is 30,240 €.

The yield is 4%.

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

Brokerage fee is 5% + VAT 19% (total 5.95%).

The property is located in the suburbs of Frankfurt am Main, in a city of 25,000 inhabitants. The city is situated 6 km from Darmstadt and 20 km from Frankfurt Airport. The distance to the center of Frankfurt and Wiesbaden is about 30 km.

Frankfurt am Main is the largest city in the land of Hessen and the 5th largest city in Germany. Its population is more than 730,000 people. Frankfurt is the center of commerce, culture, education, tourism and a transport hub. Frankfurt is the 2nd city in Germany and the 48th in the world in terms of the cost of living (Mercer Human Resource Consulting).

There are about 43,000 companies in Frankfurt. The city is the site of many global and European corporations: Nestlé Deutschland, LinkedIn, Kern AG, Lufthansa Consulting. Messe Frankfurt — the 3rd largest international exhibition center in the world, has more than 800-year history. Annually Messe Frankfurt holds more than 100 exhibitions around the world.

Frankfurt International Airport is among the 10 largest in the world, its passenger traffic is more than 54 million people a year.

There are the world's largest educational institutions in Frankfurt, including the world-famous Goethe University with more than 44,000 students.