A new boarding house in Nuremberg.
Description
The building permit was obtained in April 2017.
The area of the building above the ground is 3831 m², the area of underground premises is 1710 m².
The boarding house includes:
- 126 apartments
- underground parking (63 places)
- basement
The purchase price refers to the current project planning.
Alternative layout with 30 additional apartments is not yet included in the price.
The absolute annual income is 1,000,000 €.
The current yield is 5,1%.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 3,5%.
Brokerage fee is 6% + VAT 19% (total 7,14%).
The boarding house is located in Nuremberg, in the area of Boxdorf, close to the highway between Nuremberg and Erlangen. There are large industrial enterprises (Siemens, Puma, Adidas) within a radius of 15 km. Nuremberg Airport is about 11 km away, and Nuremberg’s trade fair complex is about 16 km away.
Nuremberg is the 2nd largest city in Bavaria (after Munich) and the 14th in Germany. The population of the city is about 530 00 people.
Nuremberg is the largest economic and cultural center of Franconia and its unofficial capital. Together with the cities of Fürth, Schwabach and Erlangen, Nuremberg forms a million agglomeration and it is one of the most dynamically developing regions of high technology in Europe. There are about 168,000 companies in Nuremberg, including Siemens AG and others.
GDP is 27 billion euros.
Nuremberg International Airport transports 3.3 million people annually and it is the 2nd busiest airport in Bavaria and the 10th one in Germany.
The river port of Nuremberg has the most modern and largest logistics center in the south of Germany (337 hectares) with an annual cargo turnover of about 15 million tons.
There is a large International Exhibition Center (170,000 m²) in Nuremberg, where about 120 national and international exhibitions and congresses are held annually.
There are 30 universities in and around Nuremberg with more than 150,000 students. The largest one is the University of Erlangen-Nuremberg, which annually trains about 40,000 people.
