The building with residential and commercial units in the suburbs of Frankfurt.
Description
Three-storey building with a total area of 886 m²:
- commercial premises with a total area of 706 m²
- 2 apartments with a total area of 180 m²
In 2018, the roof of the building was completely renovated. The building is in excellent condition.
The annual income is 95,000 €.
The yield is 5%.
The building is fully let. There are 19 tenants:
- pizzeria
- 2 apartments
- 16 office premises
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 5% + VAT 19% (total 5.95%).
The property is located in the suburbs of Frankfurt am Main, in a town of about 30,000 inhabitants. Distance to Frankfurt — 5 km, to the center of Frankfurt — about 10 km.
Frankfurt am Main is the largest city in the land of Hessen and the 5th largest city in Germany. Its population is more than 730,000 people. Frankfurt is the center of commerce, culture, education, tourism and a transport hub. Frankfurt is the 2nd city in Germany and the 48th in the world in terms of the cost of living (Mercer Human Resource Consulting).
There are about 43,000 companies in Frankfurt. The city is the site of many global and European corporations: Nestlé Deutschland, LinkedIn, Kern AG, Lufthansa Consulting. Messe Frankfurt — the 3rd largest international exhibition center in the world, has more than 800-year history. Annually Messe Frankfurt holds more than 100 exhibitions around the world.
Frankfurt International Airport is among the 10 largest in the world, its passenger traffic is more than 54 million people a year.
There are the world's largest educational institutions in Frankfurt, including the world-famous Goethe University with more than 44,000 students.
