ID: 1519
House

Residential house with commercial facilities for sale Lower Saxony, Braunschweig, Germany

EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
€1,900,000
EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
Additional Information DESCRIPTION

You will love this residential building with commercial premises in Braunschweig , Lower Saxony federal land.

Price – €1,900,000

Land Area – 518 m2

Total Area – 1,176,000 m2

Residential Area – 891,000 m2

Commercial Area – 285,000 m2

Current revenues from the rent – €87,252 per year

Current Rate of return – 4.59%

Year Built - 1913  

The property consists of 7 apartments and 2 commercial premises. Commercial premises are located on the first floor where a shop and sewing workshop is now. At the moment the building is fully leased.

The building is located in the city of Braunschweig that is the second largest city in Lower Saxony after Hanover. The population is 246,000 people. The Braunschweig region is an important European educational and scientific center. Since 2007 it a region with the most intensive scientific research and development. Also, in 2007, Braunschweig was honored to receive the title of "City of Science.

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 residential building with commercial premises in Lower Saxony!

 

 

 

Additional Information PROPERTY DETAILS
  • Type of Property: Residential house with commercial facilities
  • Property Type: Secondary market
  • Status: Good
  • Location: Braunschweig, Lower Saxony, Germany
  • Living Area: 891 m²
  • Land Area: 518 m²
  • Total Area: 1176 m²
  • Sale Price: €1,900,000

Financial Information

Price
€1,900,000
Rent Income per year
€87252
Rent Income per month
€7271
Profitability
4.59%
Payback
22 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: 891 m²
Land Area: 518 m²
Total Area: 1176 m²
Year Built: 1913
Floors in the building: 4
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