Rental house in Germany. We offer a tenement house for 5 apartments and commercial space.
Object code is 9568
Type - Housing and commercial
Price - 125,000 €
Price per sq.m. - 293 €
Year of construction - 1850
Year of modernization - 2004
The plot area is 769 m2
Usable area - 427 m2
Number of rooms - 13
Commercial / residential units - 2
Object status - Partially leased
The annual income is € 41,730
Yield - 33.39 %
Registration services - 8,925 €
Legal costs - 1488 €
Real estate purchase tax - 7500 €
State duty (entry in the register) - 200 €
The cost, including additional costs, is € 143,113
* Data on the cost of services are not final and may change in one direction or another depending on the regional tariffs of the municipality and the notary.
Income house with office
The property is located in a cozy town in the federal state of Saxony-Anhalt, in eastern Germany.
The object is located on its own land approx. 770 m2, which is also for sale and is already included in the price stated by the seller.
In the immediate vicinity there are branches of German retail chains, businesses, banks, as well as other necessary infrastructure.
The object has a usable area of approx. 430 m2 includes five apartments and commercial premises:
- first floor: one-bedroom apartment approx. 65 m2
- one-room apartment approx. 35 m2
- office space approx. 70 m2
- second floor: three-room apartment approx. 80 m2
- three-room apartment approx. 85 m2
- four-room apartment approx. 100 m²
There is a storage room on the territory of the site.
The roof of the building is for rent, on which solar panels are installed. The current rent is € 450 annually.
Flooring: laminate, carpet, linoleum, tile.
In the toilets the walls and floors are tiled, the necessary plumbing is installed.
In the windows - partly plastic, partly wooden double-glazed windows with insulating glazing.
Heating - central.
Water, sewerage, electricity, internet and telephone services are available.
There is a private parking for cars.
House is a state-protected architectural monument, so it is possible to receive grants and subsidies from the fund for the restoration and maintenance of architectural monuments, as well as tax benefits for the restoration or repair of the object, if necessary.
During the whole time the object was subjected to various modernizations and repairs (replacement of windows, modernization of electrical wiring, etc.)
At the moment, the owner-bankrupt lives in one of the apartments.
The new owner can dispose of the property at his own discretion - to run his personal business, manage the property himself, rent it out or find a responsible manager.
Based on the average rental cost in the region, with proper management and full rental, this property can bring in more than 40,000 euros of annual income.
Currently, the object is under external competitive management and will be sold directly by the bank through the court to a new investor.
It is offered for sale by the bank at the residual value and will be transferred to the new owner absolutely without any debts.
According to the forecasts of our company's specialists, during the court bidding the price may be further reduced by 10-15%, which further increases the investment attractiveness of this object.
Our company is ready to provide all the necessary services for negotiations with the court and with the seller-owner, competent legal registration and after-sales management of the object.
Including on registration of the possible residence permit.
Distance to int. Hanover Airport: 130 km (approx. 1 hour 20 minutes by car)
Distance to int. Leipzig Airport: 150 km (approx. 1 hour 20 by car)
Distance to int. Berlin airport: 180 km (approx. 1 hour 50 minutes by car)
Distance to Dresden: 270 km (approx. 2 hours 20 minutes by car)
Magdeburg - the capital of the fastest growing federal state of Saxony-Anhalt with highly developed industry and agriculture.
42.4% of the economically active population is employed in industry and handicrafts, 19.0% in agriculture and forestry.
An important junction of railways and highways, the river port on the river Elbe, near the intersection of the Middle German Canal and the Elbe-Havel canal.
One of the largest industrial and trade and transport hubs in the country. Large center of heavy engineering (Magdeburg plant of heavy engineering named after Ernst Telman, plants named after K. Liebknecht, named after G. Dimitrov and others).
Magdeburg presents general mechanical engineering, production of equipment for the chemical, light, food industries, agricultural machinery, instrument making, and river shipbuilding (in the suburbs of Rothensee). There is a chemical, food (sugar, meat) industry.
In addition, Magdeburg is an important cultural center, there are medical academies, higher schools of heavy engineering, special schools of applied arts, water management.