Apartment building, Hagen, Germany

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Apartment building, Hagen, Germany

1,250,000 €
661 € /m²
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  • Total area
    1,889 m²
  • Yield
    7.6%
  • Built in 
    1982
Details
Property parameters
  • Land area: 698 m²
  • Number of parking lots: 6
  • 4-floor building
Financial performance
  • Annual income: 95,165 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 6.0% + VAT

Residential complex with commercial premises on the ground floor.

Description

The facility consists of three buildings and includes 15 apartments and 2 commercial premises.

The living space is 1301 m².

The sales space is 588 m².

in the territory of the property there is an underground parking for 6 cars.

The residential complex was built in 1982 and has regularly been renovated.

Equipment

  • basement
  • central heating system

Financial performance

The absolute annual income is 95.165 €.

Current yield is 7,6%.

Tenants

Commercial premises for many years are rented by the restaurant and the branch of the bank.

The cost of ownership

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 6,5%.

The brokerage fee is 6% + 19% VAT (in total 7,14%).

Location

The complex is located in one of the largest cities of the federal state of North Rhine-Westphalia with a population of about 200 thousand people.

Not far from the building there is a convenient transport interchange with a large number of bus stops.

Distance to major cities:

  • Cologne — 59 km
  • Düsseldorf — 15 miles

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Hagen.

All ads in the country: apartment buildings for sale in Germany.

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