Apartment building in the city of Mülheim.
Description
Building with a useful area of 1,150 m²:
- residential area — 850 m²
- non-residential properties — 300 m².
Annual income is 96,000 €.
The current yield is 6.8%.
The building is partly let:
1) non-commercial organization — 220 m²
2) chain fitness center with several dozens of branches — 94 m².
Notary (state registration) is 1.5–2%.
Acquisition tax is 6.5%.
Brokerage fee is 5% + VAT 19% (total 5.95%).
The apartment building is located in Mülheim an der Ruhr, North Rhine-Westphalia. The population of the city is 170,000 inhabitants.
North Rhine-Westphalia is the land of the Federal Republic of Germany with a population of 17.5 million people (the most populated of the German lands). It ranks 4th in Germany in terms of area.
22% of Germany’s GDP comes from NRW. The main industry in NRW is engineering and equipment manufacturing, biotechnology, chemical industry, and etc.
North Rhine-Westphalia is the center of trade in Germany, because it houses the headquarters of several leading German trading concerns with the largest turnover, for example, Deutsche Telekom AG, ALDI NORD, Die Deutsche Post, Bayer, Lufthansa Group, REWE. DE.