Hostel for refugees in Augsburg

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Hostel for refugees in Augsburg

2,000,000 €
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Total area: 390 m² Yield: 6.7% Built in 1912
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Features
  • Absolute return: 135,000 €
  • Land area: 1,025 m²
  • 3-floor building
  • Percentage of the rented area: 100%
  • Most recent total renovation: 2015
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.8%
  • Redevelopment

It is a hostel for refugees for sale in the capital of Swabia, Bavaria.

Description

The total area of the three-story building is 390 m².

The plot of 1,025 m².

The property was built in 1912 and renovated in 2015.

All areas are leased out to a single tenant.

Redevelopment

The attic floor may be developed for an additional 60 m², additional 380 m² may be built on the landplot.

Financial performance

Absolute income is 135,000 €.

The current yield of 6,7%.

Tenants

The tenant is Bavarian government.

The lease agreement is signed for 10 years until 2025.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 4,76%.

Location and nearby objects

The property is situated in Western Augsburg.

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

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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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Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services