+44 20 3608 1267
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Hostel for Refugees in Nuremberg with a 6,7% yield

9,000,000 €
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Total area: 4,700 m² Yield: 6.7%
  • Absolute return: 570,000 €
  • Land area: 3,350 m²
  • Built in 1957
  • 3-floor building
  • Renter: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.6%

It is a hostel for refugees in Northern Nuremberg.

Description

The total area of the three-storey building with attic is 4,700 m².

The plot of 3,350 m².

The property was built in 1957 and expanded in 1964, the building is currently renovated and has good overall condition.

All areas are leased out to four tenants.

Financial performance

Absolute income is 570,000 €.

The current yield of 6,7%.

Tenants

The anchor tenant is Bavarian state.

The lease agreement is signed for 10 years.

The other three tenants are two medical offices and a barbershop.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 3,57%.

Location

The property is situated in northern part of Nuremberg.

There are shops, restaurants and public transport in walking distance.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Nuremberg
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