ID: 1862
House

Apartment Building for sale Cölpin, Germany

Profitable apartment complex in Mecklenburg-Western Pomerania, profitability 8,48% 

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€790,000
Profitable apartment complex in Mecklenburg-Western Pomerania, profitability 8,48% 
Property for Sale in Mecklenburg--Western Pomerania, Cölpin, Germany - Thumb
Property for Sale in Mecklenburg--Western Pomerania, Cölpin, Germany - Thumb
Property for Sale in Mecklenburg--Western Pomerania, Cölpin, Germany - Thumb
Property for Sale in Mecklenburg--Western Pomerania, Cölpin, Germany - Thumb
Property for Sale in Mecklenburg--Western Pomerania, Cölpin, Germany - Thumb
Property for Sale in Mecklenburg--Western Pomerania, Cölpin, Germany - Thumb
Property for Sale in Mecklenburg--Western Pomerania, Cölpin, Germany - Thumb

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Additional Information DESCRIPTION

The property offered here is a four-storey residential complex with 3 entrances each with 8 residential units and a total living area of approx 1.580 sqm. The apartment sizes vary between 49,00 sqm and 81,00 sqm living space. All apartments offer a modern floor plan, open and bright interior design, a daylight bathroom with bathtub, a balcony and laminate flooring. The residential complex was built around 1971 and extensively renovated in 1998. During the renovation, a central gas heating system was installed and the windows were renewed. An extensive modernization of the dwelling units and stairwells followed in 2005. Currently, the property is almost fully rented. Only 4 residential units are vacant. It is generated an annual net rent of approx. 66.960, - Euro.

Equipment features:
-Solid construction
-Thermal insulation facade on prefabricated construction
- Windows with insulating glazing
-Laminated and tiled flooring
-Central Gas Heating
-Bathroom with window and bathtub
-Fitted kitchen
-Balcony
-Cellar
-Storage room and bike storage

 

Location
Cölpin is a municipality in the Mecklenburg Lake District, in the federal state Mecklenburg-Western Pomerania (Mecklenburg-Vorpommern), Germany. Cölpin is located about twelve kilometres to the East of Neubrandenburg in a hilly End Moraine landscape, which is mainly characterized by arable land. The river Linde runs to the south of the municipality, the lake Neetzka borders tot he northeast. The federal highway B104 is running through Cölpin an is connecting the municipality via B96 an the Federal motorway A20 to all directions. It is a 20 minutes drive to Neubrandenburg. In less than one hour you can reach the sands of the Baltic Sea, in one and a half hour the Polish boarder and in two hours Berlin.

 

Additional Information PROPERTY DETAILS
  • Object: Houses and villas
  • Type of Property: Apartment Building
  • Property Type: Secondary market
  • Location: Mecklenburg--Western Pomerania, Cölpin, Germany 17094
  • Total Area: 1580 sq m
  • Sale Price: €790,000

Financial Information

Price
€790,000
Rent Income per year
€66960
Profitability
8,48%
Payback
11,8 years

Purchase Cost

Agency commission
7,14%
Tax on the purchase
5%
Services notary
1%
Purchase procedure
0,5
Services of the management company

Facilities

Balcony
Central heating
Gas heating
Apartment house
Additional Information OTHER INFO

ATTRIBUTES

Outside Space: 3870
Total Area: 1580 sq m
Condition: well-maintained
Heating: central gas heating
Year Built: 1971
Floors in the building: 4
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