Hostel for refugees in Augsburg

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Hostel for refugees in Augsburg

3,250,000 €
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Total area: 1,440 m² Yield: 6.6%
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Features
  • Absolute return: 216,000 €
  • Land area: 5,680 m²
  • 2-floor building
  • Percentage of the rented area: 100%
  • Number of parking lots: 42
  • Most recent total renovation: 2016
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.8%

It is a hostel for refugees consistig of two buildings in the capital of Swabia, Bavaria.

Description

The total area is 1,440 m².

The plot of 5,680 m².

The property has been renovated in 2016.

There is a parking for 42 cars.

All areas are leased out to a single tenant.

Financial performance

Absolute income is 216,000 €.

The current yield of 6,6%.

Tenants

The tenant is Bavarian government.

The lease agreement is signed for 5 years until 2021 with extension option for 5 years.

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 Southern Augsburg.

Shops, supermarkets and fast food restaurants are within the walking distance.

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