+44 20 3608 1267
Historic apartment house in Frankfurt with a possible yield of 5,3%

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Historic apartment house in Frankfurt with a possible yield of 5,3%

2,150,000 €
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Total area: 611 m²
  • Land area: 267 m²
  • Built in 1896
  • 4-floor building
  • Most recent total renovation: 1960
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%

It is an apartment house with commercial unit for sale.

Description

The total area of the five-story building is 611 m², of which:

  • 419 m² residential;
  • 96 m² of commercial;
  • 96 m² storage.

The plot of 267 m².

Commercial unit, currently occupied by the restaurant, is situated on the ground floor, the other floors accomodate flats and student apartments.

The restaurant and the apartment on the first floor are in need of repair.

The building is vacant.

Redevelopment

The property may be expanded with additional floors.

Financial performance

Projected income (full occupancy) is 114,000 €.

The projected yield of 5,3%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 5,95%.

Location

The property is situated near the heart of Frankfurt.

Shops, supermarkets, cafes, public transportation and metro stations are within the walking distance.

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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Frankfurt am Main
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