ID: 1754
House

Residential house with commercial facilities for sale North Rhine-Westphalia, Gelsenkirchen, Germany

Commercial property with living space in North Rhine-Westphalia. Profitability 8.73%

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€990,000
Commercial property with living space in North Rhine-Westphalia. Profitability 8.73%

Enquire about this Property

Additional Information DESCRIPTION
Do not miss the opportunity to buy 4-storey commercial building with residential premises located in the center of Gelsenkirchen (North Rhine-Westphalia). The object was built in 1911 on a plot of 1,180 sq.m. and maintained in very good condition. The last modernization of the building was carried out in 2015.
 
On the first 3 floors there are various commercial premises. On the top floor there is an attic with a roof garden.
 
Price - 990,000 euros
The total area is 1,780 sq.m.
Rental income - 86 500 Euro / year
Profitability - 8.73%
 
Gelsenkirchen is a city of land submission in western Germany, in North Rhine-Westphalia. Located in the northern part of the Ruhr area, part of the Münster administrative district. The population is more than 260 thousand people. At present, in Germany and beyond its borders, Gelsenkirchen is best known for being the birthplace of the Schalke 04 football club. The largest cultural attraction can be called the Ruhr Musical Theater with a capacity of 1005 spectators.
 
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Additional Information PROPERTY DETAILS
  • Type of Property: Residential house with commercial facilities
  • Property Type: Secondary market
  • Location: Gelsenkirchen, North Rhine-Westphalia, Germany
  • Land Area: 1180 sq m
  • Total Area: 1780 sq m
  • Sale Price: €990,000

Financial Information

Price
€990,000
Guaranteed rent
Rent Income per year
€86500
Rent Income per month
€7208
Profitability
8,73%
Payback
11,5 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

Facilities

Apartment house
Additional Information OTHER INFO
FEATURES
Commercial property with tenant in North Rhine-Westphalia for sale
Commercial property with tenant in Germany for sale

ATTRIBUTES

Land Area: 1180 sq m
Total Area: 1780 sq m
Year Built: 1911
Floors in the building: 4
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