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2 180 128 €

Commercial apartment building in Recklinghausen, Germany, 1 623 m²
  • Commercial apartment building in Recklinghausen, Germany, 1 623 m² - picture 1
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  • Commercial apartment building in Recklinghausen, Germany, 1 623 m² - picture 1
  • Commercial apartment building in Recklinghausen, Germany, 1 623 m² - picture 2
  • Commercial apartment building in Recklinghausen, Germany, 1 623 m² - picture 3
  • Commercial apartment building in Recklinghausen, Germany, 1 623 m² - picture 4
  • Property ID on Prianproperty.com: 3913315
    Property ID on company's website: 17836
    Last update: 02.09.2024
    Number of views: 941

2 180 128 €

Commercial apartment building in Recklinghausen, Germany, 1 623 m²

1623 sq.m 6.04% per year
Online Viewing Remote Transaction

  • Property ID on Prianproperty.com: 3913315
    Property ID on company's website: 17836
    Last update: 02.09.2024
    Number of views: 941

Specifications

Sale price 2 180 128 €
Price per square meter 1 343.27 €
Floor area 1 623 m²
Construction phase Resale
Number of storeys 5
Parking 10 places

Additional services

  • Online viewing is available
  • Opportunity of a remote transaction

Finance

Profitability
Annual return 6.04 %

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

Annual income 131 723 €

Annual rental revenue, excluding operating expenses


Description

Apartment house for sale, in the very center of Recklinghausen.
The house was built in 1985 (reinforced concrete floors)
The house has 5 floors and there is an elevator.
The house is located on the main street, in the commercial center of the city.
A combination of residential and commercial use, mainly with clinics in commercial premises.
From 2018 to 2023, repairs were carried out:
4 apartments, 2 terraces, repair of roofs and balconies
The total area of the house is 1623 m2:
- the living area of 4 apartments is 278.09 m2
- the area of 6 rooms is 1,345 m2
10 parking spaces
The house is rented out
Income per year at the moment: 131,723.46 euros (6.04%)
Possible annual income: 155,723.42 euros (7.14%)
It is possible to purchase a house by purchasing a company that has already issued a loan. In this case, the required equity capital will be: 1,030,678 euros
The annual return on the capital invested by the investor is 12.4%, minus interest on the loan.
The commission for the buyer is + 5.95% of the cost of the object.


Contact seller

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Representative

Maxim
personal manager
Languages: english, german
Show phone number



Seller
Maxim personal manager

DEM GROUP GmbH

Languages: english, german
Contact seller