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1 012 764 €

Commercial apartment building in Bochum, Germany, 557 m²
  • Commercial apartment building in Bochum, Germany, 557 m² - picture 1
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  • Commercial apartment building in Bochum, Germany, 557 m² - picture 1
  • Commercial apartment building in Bochum, Germany, 557 m² - picture 2
  • Commercial apartment building in Bochum, Germany, 557 m² - picture 3
  • Commercial apartment building in Bochum, Germany, 557 m² - picture 4
  • Property ID on Prianproperty.com: 4032213
    Last update: 28.04.2025
    Number of views: 104

1 012 764 €

Commercial apartment building in Bochum, Germany, 557 m²

557 sq.m

  • On the map
  • Property ID on Prianproperty.com: 4032213
    Last update: 28.04.2025
    Number of views: 104

Specifications

Sale price 1 012 764 €
Price per square meter 1 818 €
Floor area 557 m²
Number of storeys 3
Address Germany, Bochum

Description

  • Year Built: 1964

  • Renovations:

    • Heating system (2022)

    • Electrical wiring and meters (2022)

    • Apartment upgrades (2021–2022)

  • Total Area: 556 m²

  • Energy Sources: Natural gas + grid electricity

Location & Features

  • Prime Location: Situated in a highly desirable residential area near Ruhar Park shopping center, appealing to both investors and tenants.

  • Amenities:

    • Spacious, lush garden (tenant-exclusive use).

    • Apartments with large balconies.

    • Cozy courtyard with office spaces (ideal for remote workers).

  • Units: 6 apartments + 4 parking spaces.

  • Factor (Yield Metric): 18.5

Financial Performance

Acquisition Option: Purchase via company takeover (existing loan transferable).

  • Required Equity: €510,879

  • Loan Details:

    • Current Balance: €470,000

    • Interest Rate: 1.59% | Amortization Rate: 2%

    • Term: Until 2025 (extendable).

Current Income:

  • Annual Rental Income: €33,624

    • Return on Equity: 6.58%

    • Net Yield After Interest: 3.88%

Projected Income (Full Occupancy):

  • Potential Annual Income: €54,744

    • Return on Equity: 10.71%

    • Net Yield After Interest: 8.01%

Investment Highlights

  1. Turnkey Asset: Modernized systems and renovated units ensure low maintenance.

  2. Location Premium: Proximity to Ruhar Park boosts tenant demand.

  3. Scalable Returns: Immediate upside by finalizing leases for vacant units.


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Atalanta real estate
Languages: english
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Seller
Atalanta real estate representative of the company

Atalanta

Languages: english
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