North West Estate - income properties in Germany
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Residential and commercial property near Dortmund
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Location:
The facility is located near Dortmund, in western Germany, in the Ruhr area. The city's population of about 585 thousand inhabitants. Dortmund is one of the largest hubs of Westphalia. A well-developed road transport network with six passing through the city of motorways (A1, A2, A40, A42, A44, A45) and five-speed lines (B1, B54, B234, B235, B236) Vsegermanskogo connected to the network of main roads.

Price 5 900 000 EUR
Sold
Plot area8899 m2
Property area8533 m2
Year built1989
Rented outyes
Number of residential units71
Current year’s income511 691 €
Full year’s income646 723 €
Actual yield8.67%
Potential yield10.96%


Purchase costs
Notarization88 500 €
Purchase tax383 500 €
Brokerage commission (6% excl VAT)354 000 €
Total826 000 €
Property description:

There are shops and offices on the first floor. The main tenant - a large supermarket. On the other floors there are a total of 71 apartments.

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