A six-story building with residential and commercial premises.
Description
The commercial center consists of 28 apartments and 10 commercial units. There is an elevator in the building.
The residential area is 1,674 m².
The commercial area is 3,002 m².
There are 6 garages on the plot. Also there are several parking spaces near the building.
The building was built in 1973.
Financial performance
Absolute annual income is 384,760 €.
The current yield of 5.9%.
Tenants
The anchor tenant is a government institution.
The lease agreement is valid through 2027.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.5%.
The broker's fee of 4%.
Location and nearby infrastructure
The property is located in the Düsseldorf-Garat district. This is the southern part of the city, which abuts on Benrat and Urdenbach.
