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549 000 €

Commercial apartment building in Kassel, Germany, 365 m²
  • Commercial apartment building in Kassel, Germany, 365 m² - picture 1
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  • Commercial apartment building in Kassel, Germany, 365 m² - picture 1
  • Commercial apartment building in Kassel, Germany, 365 m² - picture 2
  • Commercial apartment building in Kassel, Germany, 365 m² - picture 3
  • Commercial apartment building in Kassel, Germany, 365 m² - picture 4
  • Commercial apartment building in Kassel, Germany, 365 m² - picture 5
  • Commercial apartment building in Kassel, Germany, 365 m² - picture 6
  • Property ID on Prianproperty.com: 3799050
    Property ID on company's website: 17647
    Last update: 02.09.2024
    Number of views: 3267

549 000 €

Commercial apartment building in Kassel, Germany, 365 m²

365 sq.m 9.44% per year
Online Viewing Remote Transaction

  • Property ID on Prianproperty.com: 3799050
    Property ID on company's website: 17647
    Last update: 02.09.2024
    Number of views: 3267

Specifications

Sale price 549 000 €
Price per square meter 1 504 €
Floor area 365 m²
Construction phase Resale
Date of construction 1973/2023
Address Germany, Kassel
Location within the city

Additional services

  • Online viewing is available
  • Opportunity of a remote transaction

Finance

Profitability
Annual return 9.44 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Annual income 51 840 €

Annual rental revenue, excluding operating expenses


Description

Apartment house for sale at 34314 Espenau (15 minutes from the University of Kassel).

The land area is 311 m2,

The living area of the house is about 365 m2.

There is a courtyard.

The building consists of 3 floors:

- on the 1st floor (EG) there is a one-bedroom apartment of about 59 m2, a studio apartment of about 37 m2 and a studio of about 22 m2 (all prepared for rent).

- on the 2nd floor (OG) there is a one-bedroom apartment of about 55 m2, a studio apartment of about 32 m2, and a studio of about 31 m2 (all prepared for rent).

- on the 3rd floor (DG) there are 2 one-and-a-half-room (duplex) apartments with a total area of about 105 m2.

A total of 8 apartments.

The work has been completed:

- The roof is covered, including the improvement and partial replacement of the rafter system;

- New water supply and sewerage system (pipes, installations, sanitary ware, etc.);

- Completely new electrics (a completely new board with a separate meter for each apartment, basic (introductory) meters, electrical appliances) installed in 2022-2023;

- Completely new infrared (economical) radiators with thermostats;

- The interstory ceilings have been replaced, additional sound and thermal insulation has been made;

- Completely new renovation in all apartments (floor, walls, ceiling, tiles, plumbing, doors, floor coverings, etc.);

- New IKEA kitchens in all apartments;

In the next month, work begins on the renovation of the attic floor.

Possible income after renting is 62400 euros per year

The commission for the buyer is +4.76% of the cost of the object.

Details on request.


Contact seller

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Representative

Maxim
personal manager
Languages: english, german
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Seller
Maxim personal manager

DEM GROUP GmbH

Languages: english, german
Contact seller