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1 685 000 €
1 685 000 €
| Sale price | 1 685 000 € |
| Price per square meter | 884.98 € |
| Floor area | 1 904 m² |
| Construction phase | Resale |
| Number of storeys | 3 |
| Parking | 80 places |
| Address | Germany, Wittenberg |
| Profitability | |
|---|---|
| Annual return | 6.9 % |
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Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100% |
|
| Annual income | 116 328 € |
|
Annual rental revenue, excluding operating expenses |
|
| Pay-off period | 14.5 years |
|
Rental income covers all the expenses in |
|
| Business expenses | |
|---|---|
| Not included in the price | |
| Commission fee | 7.14 % |
| Tax | 6.5 % |
| Notary Services | 1 % |
| Other expenses | 0.5 % |
A residential and commercial building in the center of Wittenberg is a rare opportunity for investors who are looking for a combination of stability and profitability.
The building, built in 1994, offers about 1,900 m2 of rental space, divided into 10 units: 6 commercial tenants (including KIK, medical practice, publishing house, beauty salon and social organizations) and modern residential apartments. With an annual net lease of over €116,000 and a current factor of 14.5, the facility provides a stable yield of 6.9%.
A special advantage: more than 80 parking spaces right in front of the building — an additional flow of customers and convenience for tenants. Two elevators, high-quality construction and regular maintenance make this facility a reliable long-term investment.
A city with potential: Wittenberg is strategically located between Berlin and Hamburg, has an ICE stop and is actively developing as a residential and economic center.
· Built in 1994, solid brickwork
· About 1,904 m2 of rental space (1,563 m2 commercial, 342 m2 residential)
· Large plot area of 4,535 sq.m.
· 10 tenants: 6 commercial + 4 residential
· Net rent: 116,328 € per year
· Yield: 6.9% (factor 14.5)
· 2 elevators, full basement
· More than 80 parking spaces nearby
· Central gas heating, regular maintenance
· The cost is 1,685,000 euros
· Commission — 7.14%
Wittenberg is the largest city in Prinz county (about 17,000 inhabitants), located directly on the ICE line between Berlin and Hamburg. A developing economic center, a city with a high quality of life that attracts both businesses and families.
The proximity to the Elbe, cultural richness and access to nature make the location especially attractive. It is important for investors that the demand for residential and commercial space is growing, while prices remain significantly lower than in large cities.
Don't miss the opportunity to purchase an apartment building in Wittenberg!
If you are interested in this and other facilities, you can submit a request. Our company's staff will contact you in the near future and provide you with the facilities that meet your request.
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