ID: 1409
House

Mixed object for sale Saxony-Anhalt, Hettstedt, Germany

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€2,400,000

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Additional Information DESCRIPTION

You will love this residential building with commercial in Hettstedt, Saxony-Anhalt federal land. The property includes 2 residential and 14 commercial premises (13 of which are rented).

Land Area- 4,871 m2

Total Area – 2780.66 m2

Commercial Area –2,671.66 m2

Residential Area – 109.00 m2

Revenue from the rent – €223,817.76 per year (up to €228,575.76 if fully rented)

Rate of return – 9.33% (up to 9.52% if fully rented)

Price – €2,400,000

Year built – 1994-1995

The main tenant is Penny Markt supermarket that rents about 900 m2 since 1994. Its lease is valid until 2019 with 4 more renewal options for 2 years each.

Another large tenant is a restaurant that leases about 350 m2.

Other tenants are: a pharmacy, insurance company office, law office, medical offices, hairdresser, video rental, butcher's shop, and a tourist bureau.

Hetstedt is a German town located in Saxony-Anhalt federal land. It is part of the Mansfeld district. The population is about 16,000 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 residential building with commercial premises in Germany!

 

 

 

Additional Information PROPERTY DETAILS
  • Type of Property: Mixed object
  • Property Type: Secondary market
  • Status: Good
  • Location: Hettstedt, Saxony-Anhalt, Germany
  • Living Area: 109 m²
  • Land Area: 4871 m²
  • Total Area: 2780 m²
  • Sale Price: €2,400,000

Financial Information

Price
€2,400,000
Rent Income per year
€223817
Rent Income per month
€18651
Profitability
9,33%
Payback
10,7 years
Installment
Mortgage

Purchase Cost

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

ATTRIBUTES

Living Area: 109 m²
Land Area: 4871 m²
Total Area: 2780 m²
Year Built: 1995
Parking: Yes
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