ID: 1810
House

Apartment Building for sale Lower Saxony, Western Germany, Germany

Commercial property in western Germany. Profitability 7%. Rental agreement until 2039

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€1,400,000
Commercial property in western Germany. Profitability 7%. Rental agreement until 2039
Property for Sale in Western Germany, Lower Saxony, Germany - Thumb
Property for Sale in Western Germany, Lower Saxony, Germany - Thumb
Property for Sale in Western Germany, Lower Saxony, Germany - Thumb
Property for Sale in Western Germany, Lower Saxony, Germany - Thumb
Property for Sale in Western Germany, Lower Saxony, Germany - Thumb
Property for Sale in Western Germany, Lower Saxony, Germany - Thumb
Property for Sale in Western Germany, Lower Saxony, Germany - Thumb
Property for Sale in Western Germany, Lower Saxony, Germany - Thumb
Property for Sale in Western Germany, Lower Saxony, Germany - Thumb
Property for Sale in Western Germany, Lower Saxony, Germany - Thumb
Property for Sale in Western Germany, Lower Saxony, Germany - Thumb
Property for Sale in Western Germany, Lower Saxony, Germany - Thumb

Enquire about this Property

Additional Information DESCRIPTION
We are pleased to offer you commercial property located in the spa town of Bad Sachsa (land - Lower Saxony). The object was built in 1979 on a plot of 4,628 sq.m. The total living and usable area is about 994 sq.m.
 
13 studio, one and two bedroom apartments are located on 3 levels and have an area from 25 sq. m to 64 sq. m, as well as common areas. Most apartments have a balcony or terrace. All rooms are barrier-free and consist of apartments, group rooms, a separate kitchen, as well as meeting rooms and offer a cozy, warm, pleasant atmosphere.
 
The tenant is the “Children's Support Fund”, the lease agreement with which is valid from 01.10.2019 and is initially set for 20 years.
 
The main activity of the fund is social support for youth. The assistance is aimed at the integrated development of young people aged 15 to 27 years who are in a difficult life situation. For therapeutic purposes, as well as for leisure activities, children and adolescents use the pool. In addition, there is a billiard room. Near the house there is a garden with a bonfire / barbecue area and an outdoor seating area. There is also an educational kitchen, which not only provides the opportunity to cook together and develop communication skills, but also teaches the principles of healthy eating and practical tips on cuisine in everyday life.
 
Price - 1,400,000 euros
The total area is about 994 sq.m.
Rental income - about 100,000 euros / year
Profitability - 7%
 
Bad Sachsa is a city in Germany, a resort located in the state of Lower Saxony. It is part of the Osterode district. The population is about 8,000 people. The city has well-developed spa treatment and various types of medical care.
 
If you are interested in this and other objects, you can leave a request. Our company’s managers will contact you shortly and provide you with the objects that match your request.
 
Do not miss the opportunity to purchase commercial property in western Germany!
Additional Information PROPERTY DETAILS
  • Type of Property: Apartment Building
  • Property Type: Secondary market
  • Location: Western Germany, Lower Saxony, Germany
  • Land Area: 4628 sq m
  • Total Area: 994 sq m
  • Sale Price: €1,400,000

Financial Information

Price
€1,400,000
Guaranteed rent
Rent Income per year
€100000
Rent Income per month
€8333
Profitability
7%
Payback
14 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

Balcony
Garden
Terrace
Disabled facilities
Parking place
Apartment house
Additional Information OTHER INFO
FEATURES
Commercial property with tenant in Western Germany for sale

ATTRIBUTES

Land Area: 4628 sq m
Total Area: 994 sq m
Year Built: 1979
Parking: yes
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