Commercial real estate in Germany. We offer an apartment building on the outskirts of the capital Magdeburg.
Profitable apartment building.
Object code is 8539
Type - Apartment house
Price - 150,000 €
Price per sq.m. - € 463
Year of construction - 1980
Year of modernization - 2014
The plot area is 317 m2
Usable area - 324 m2
Number of rooms - 13
Commercial / residential units - 5
Object status - Partially leased
The annual income is € 24,788.4
Yield - 16.53 %
Registration services - € 10,710
Court costs - 1785 €
Real estate purchase tax - 9000 €
State duty (entry in the register) - 200 €
The cost, including additional costs, is € 171,695
* 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.
Profitable apartment building
We offer an apartment building on the outskirts of the capital Magdeburg.
Exclusive direct sale!
The proposed facility is located in a residential suburb of Magdeburg - the capital of the federal state of Saxony-Anhalt.
The three-storey apartment house is located on own land area of more than 300 m2, which is also for sale and is already included in the price.
In the immediate vicinity of the house you can find a school, kindergarten, branches of several large German retail chains and other necessary infrastructure for life.
The apartment house consists of:
On the ground floor-
- one bedroom apartment (approx. 37 m2)
- three-room apartment (approx. 65 m2)
On the second floor-
- one-bedroom apartment (approx. 45 m2) is for long-term rent
- a three-room apartment (approx. 57 m2) is for long-term rent
On the third floor-
- a three-room apartment (approx. 80 m2) is for long-term rent
The house also has spacious basements for technical needs and storage of tenants.
In the yard there is a capital garage for a car.
Floors - laminate, carpet, linoleum and tile. The windows have plastic windows.
Heating - central gas, updated in 2014.
In the courtyard of the house there is a place for relaxation and barbecue.
At the moment, three apartments are for long-term rent, and two apartments are vacant and can be used at the discretion of the new owner both for their own residence and for rent.
The actual annual rental income is about 14,000 euros per year.
Based on the average rental cost in the region, with proper management and full rental, this property can bring about 25,000 euros of annual income.
Our company is ready to provide all the necessary services for negotiations 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. Leipzig Airport: 99 km (1 hour 10 minutes by car)
Distance to Berlin: 183 km (2 hours 15 minutes by car)
Magdeburg is the capital of the fastest growing federal state of Germany 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.
Good transport links with other cities in Germany and Europe are provided by the federal road B6, as well as the A2 and A14 motorways in the immediate vicinity of the city.
Leipzig Airport is 65 km away, Hanover International Airport is 190 km away and Berlin is 170 km away.