We offer apartment house built in the capital of Hesse.
Description
The total building area is 3,289 m².
The plot of 953 m².
The house accomodates 70 apartments ranging from 40 to 54 m² and a small cafe area of 77 m². Each apartment has loggia and full equipment.
There are 18 parking places.
Financial performance
Absolute income is 1,184,000 €.
The current yield of 4,7%.
Tenants
The tenant is a managing operator.
The lease agreement is signed for 10 years from the date of commission.
The proeprty may be purchased without a tenant for an additional € 2,5 million.
Transaction costs
Notary fee of 1,5%.
RE purchase tax of 6%.
The broker's fee of 3%.
Location
The property is situated on the banks of the Main, not far from the central bank branch.
Shops, restaurants and a hospital are within the walking distance.
