ID: 1396
House

Mixed object for sale Thuringia, Neuhaus am Rennweg, Germany

EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
€725,000
EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
Additional Information DESCRIPTION

You will love this commercial property in Neuhaus-am-Rennweg Thuringia federal land. The property includes 2 apartments, 4 commercial premises, and a parking for 4 spaces..

Year built – 1992-1993 (overhauled in 1997)

Total Area – 1,524 m2

Commercial Area – 1,132 m2

Residential Area - 392 m2

Revenue from the rent – €65,492.52 (up to €85,040.52 if fully rented)

Rate of return – 9.03% (up to 11.72% if fully rented) 

Price – €725,000

The main tenant is Volksbank that rents 620 m2,the lease is signed until 2025. Other tenants are an engineering office and organization for advanced training.

At the moment there is 1 commercial premise available with the area of 362 m2.

Neuhaus-am-Rennweg is located in the land of Thuringia. The population is about 7,000 people.

If you are interested in other properties, you can leave a request on our web site. Our representative will contact you shortly to assist you and answer the questions you might have.

Do not miss a unique opportunity to have a commercial property in Germany!

Additional Information PROPERTY DETAILS
  • Type of Property: Mixed object
  • Property Type: Secondary market
  • Status: Good
  • Location: Neuhaus am Rennweg, Thuringia, Germany
  • Living Area: 392 m²
  • Total Area: 1524 m²
  • Sale Price: €725,000

Financial Information

Price
€725,000
Rent Income per year
€65492,52
Rent Income per month
€5457.71
Profitability
9,03%
Payback
11 years
Installment
Mortgage

Purchase Cost

Agency commission
7,14%
Tax on the purchase
6,5%%
Services notary
1%
Inventory
0,5%
Rental services
Services of the management company

Facilities

Underground parking
Additional Information OTHER INFO

ATTRIBUTES

Living Area: 392 m²
Total Area: 1524 m²
Year Built: 1993
Floors in the building: 3
Parking: Yes
Parking Spaces: 4
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