Brand new commercial and residential building in Frankfurt

Photos available on request

Brand new commercial and residential building in Frankfurt

6,700,000 €
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Total area: 760 m² Yield: 2.4% Built in 2016
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Features
  • Absolute return: 163,728 €
  • 6-floor building
  • Percentage of the rented area: 68%
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0%

It is a newly constructed building in the capital Hessen.

Description

The total area of the six-storey building is 760 m².

The ground has a restaurant/cafe unit area of 157 m². Floors from first to fourth accomodate offices. The fifth floor and the attic accomodate penthouse area of 163 m² with a beautiful rooftop terrace.

There are storage rooms in the basement.

The property was built in 2016 and is in excellent overall condition.

68% of the areas are already leased out.

Financial performance

Absolute income is 163,728 €.

Projected income (full occupancy) is 241,438 €.

The current yield of 2,4%.

The projected yield of 3,6%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

The broker's fee of 5,95%.

Location and nearby objects

The property is situated near the famous shopping mall, hotel and courthouse.

Two parks, bus stops, metro and train station are within the walking distance.

Frankfurt Airport is within 25 minutes drive.

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Supermarkets
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Schools
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Cafe and restaurants
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Hospitals
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Airports
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Enquire about this apartment building
Sofiya Bulanova
Sofiya Bulanova
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services