It is and apartment house being built in the capital of Hesse.
The total building area is 3,289 m².
The plot of 953 m².
The property is expected to be finished in January 2017.
The house will accomodate 70 apartments ranging from 40 to 54 m² and a small cafe area of 77 m². Each apartment will have loggia and full equipment.
There will be 18 parking places.
The property is already fully leased out.
Absolute income is 1,184,000 €.
The current yield of 4,7%.
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.
Notary fee of 1,5%.
RE purchase tax of 6%.
The broker's fee of 3,57%.
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.