Development land, Dortmund, Germany

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Development land, Dortmund, Germany

12,800,000 €
673 € /m²
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  • Total area
    19,000 m²
  • Land area
    9,000 m²
Details
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 3.0% + VAT

Land plot for the construction of a residential building near the city center.

Description

The total area of the land plot is 9,000 m², the planned living area is 19,000 m².

The construction project has been pre-agreed.

Location and nearby infrastructure

The property is located near the center of Dortmund, close to public transport stops and within walking distance from the metro station. There are several large supermarkets within walking distance.

Dortmund is a city in the west of Germany, in the federal state of North Rhine-Westphalia with a population of about 600 thousand people.

Dortmund is one of the largest transport hubs in Westphalia. The motor transport network is well developed thanks to six autobahns and five highways passing through the city.

One of the landmarks of Dortmund is the brewing industry. Today, 6 Dortmund breweries produce more than 7 million hectoliters of beer per year.

At the same time, the city is also the center of heavy industry, in particular, the steel industry. Dortmund holds a leading position in the transport system of Germany. The local train station is in the top 4 largest in the country; annually it serves over 40 million passengers.

In river transport, thanks to the Dortmund-Ems canal, the city port connected to the Rhine and the North Sea is one of the largest river ports in Europe.

More properties

If this property wasn’t for you, take a look at other investment land for sale in Dortmund.

All ads in the country: investment land 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 investment land purchase with a construction loan

Investment vehicle
Investment land
Construction loan
Yield per annum
4%—5%
8—10%
Investment budget
12,800,000 €
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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