+44 20 3608 1267
Apartment house with commercial space in the center of Wuppertal with a 8% yield

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Apartment house with commercial space in the center of Wuppertal with a 8% yield

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Total area: 508 m² Yield: 8.0%
  • Absolute return: 31,000 €
  • Land area: 314 m²
  • Built in 1920
  • 5-floor building
  • Renter: 100%
  • Most recent total renovation: 2006
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 6.0%
  • Total apartments: 6

It is an apartment house with commercial premises for sale is the city near Düsseldorf.

Description

The total area of the property is 508 m², of which:

  • 416 m² — six apartments;
  • 92 m² — two commercial premises on the ground floor.

The plot of 314 m².

This five-storey building was constructed in 1920. The building is in good overall condition, it has been renovated in 2006. The property features gas heating and PVC windows.

There is also a garage.

All areas are leased out.

Financial performance

Absolute income is 31,000 €.

The current yield of 8%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6,5%.

The broker's fee of 5,95%.

Location

The porperty is situated between the main pedestrian area and historic part of the city.

Shops, cafes, pharmacy and bus stops 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 Wuppertal
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