Apartment house in Germany.
We offer three rental apartment buildings + garages in Braunschweig.
Object code is 9617
Type - Apartment house
Price - 1,524,000 €
Price per sq.m. - 895 €
Year of construction - 1975
Year of modernization - 2015
The plot area is 2996 m2
Usable area - 1702 m2
Number of rooms - 60
Commercial / residential units - 35
Object status - Partially leased
The annual income is € 225,240
Yield - 14.78 %
Registration services - € 108,813.6
Legal costs - 18136 €
Property purchase tax - € 91440
State duty (entry in the register) - 200 €
The cost, including additional costs, is € 1,742,589.6
* 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 at home and a garage complex.
Three rental apartment buildings + garages are offered Braunschweig.
Urgent forced sale!
The proposed facility is located in Braunschweig, the second largest city in the federal state of Lower Saxony.
Braunschweig is 60 km from Hanover and 80 km from Magdeburg.
In the immediate vicinity of the house are public transport stops, a school, a kindergarten, branches of major German retail chains and all the necessary infrastructure for life.
The object represents three sites on which three three-storeyed apartment houses and a garage complex are located:
• the first house with an area of approx. 580 m2 includes 9 apartments with an area of 47 m2, 53 m2 and 93 m2 each.
• the second and third houses with an area of approx. 840 m2 include 6 apartments, each approx. 70 m2
In the first house on each floor there are three apartments, two of which are equipped with balconies.
In the second and third houses there are two apartments on the floor with balconies.
The garage complex consists of 14 capital garages.
In addition, the object owns 6 parking spaces, the rental of which brings additional income.
Heating: central gas.
The bathrooms are equipped with the necessary plumbing.
Windows: plastic double-glazed windows with insulating glazing.
Water, sewerage, electricity, internet and telephone services are available.
During its existence, the house has been regularly repaired and upgraded.
Each of the apartments has its own basement.
In the basement there are spacious storage rooms for bicycles and strollers, technical rooms.
Renovation of one of the apartments was started, but due to the lack of an adequate owner it was never completed.
According to the seller, all garages, apartments (except three) and parking spaces are leased for a long time.
Based on the average rental cost in the region, with proper management and full rental, this property can bring in more than 220,000 euros of annual income.
In addition, additional income comes from renting garages of more than 10,000 euros per year and parking spaces of more than 2,000 euros per year.
Currently, the object is under external management due to the absence of the owner and will be sold to a new investor directly by the manager through the court.
It is offered 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 center of Braunschweig: 7 km (approx. 18 min by car)
Distance to int. Hanover airport: 75 km (approx. 50 min by car)
Distance to int. Hamburg airport: 200 km (approx. 2 hours 20 minutes by car)
Distance to int. Berlin Tegel airport: 235 km (approx. 2 hours 10 minutes by car)
Braunschweig is a beautiful city in northern Germany with a rich and interesting history.
Today it is considered one of the largest cities in Lower Saxony.
It is located in the Duchy of the same name and is its capital.
Braunschweig is located in the northern part of Germany, between the northern border of the Harz massif and the transition to the North German lowlands.
Nearby major cities: Wolfsburg, 35 km northeast, Hanover, 65 km west, Magdeburg, 90 km east.
Together with them, Braunschweig creates more than 3 million urban agglomerations.
The history of the founding of the city goes back to the IX century - the first documentary mention of the city dates back to 1031. In its architecture, Braunschweig resembles a classic German city. In it you can see buildings built in different eras, from the early Middle Ages to modern times. Different styles: Rococo, Baroque, Classicism and Art Nouveau harmoniously coexist, giving the city a special originality and uniqueness. With its small streets and tall gabled buildings, the center of Braunschweig is reminiscent of a medieval city, but the fortifications that once surrounded the city have been replaced by parks and promenades.
Braunschweig is a major industrial, commercial and scientific center.
Volkswagen factories are located in the city, Volkswagen Bank has a central office here.
There are many educational and research institutions, among which the most important place is occupied by the Technical University.
Braunschweig has long been famous for its natural resources.
It is thanks to them that agriculture is well developed here, the main share of which falls on agriculture and horticulture.
The mining industry plays an important role in Braunschweig's economy.
Gold, silver and iron ore, various building materials (marble, granite, syenite, sandstone, tuff) and even table salt are mined from the subsoil.
It produces food, cars, vehicles, sugar and beer, vodka and linseed oil, and Braunschweig sausages are widely popular even among Russian consumers.
Along with several publishing houses, the fine-mechanical, chemical and electronic industries are also of economic importance.