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1 685 000 €

Commercial apartment building in Wittenberg, Germany, 1 904 sq.m

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  • Commercial apartment building in Wittenberg, Germany, 1 904 sq.m - picture 1
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  • Commercial apartment building in Wittenberg, Germany, 1 904 sq.m - picture 1
  • Commercial apartment building in Wittenberg, Germany, 1 904 sq.m - picture 2
  • Commercial apartment building in Wittenberg, Germany, 1 904 sq.m - picture 3
  • Commercial apartment building in Wittenberg, Germany, 1 904 sq.m - picture 4
  • Commercial apartment building in Wittenberg, Germany, 1 904 sq.m - picture 5
  • Property ID on Prian.info: 3880796
    Property ID on company's website: 2530
    Last update: 26.04.2024
    Number of views: 615

1 685 000 €

Commercial apartment building in Wittenberg, Germany, 1 904 sq.m

1904 sq.m 6.43% per year

  • On the map
  • Property ID on Prian.info: 3880796
    Property ID on company's website: 2530
    Last update: 26.04.2024
    Number of views: 615

Specifications

Sale price 1 685 000 €
Price per square meter 884.98 €
Floor area 1 904 sq.m
Construction phase Resale
Date of construction 1994
Number of storeys 3
Parking 80 places
Address Germany, Wittenberg

Finance

Profitability
Annual return 6.43 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Annual income 108 300 €

Annual rental revenue, excluding operating expenses

Pay-off period 15.6 years

Rental income covers all the expenses in

Business expenses
Not included in the price
Commission fee 3.57 %
Tax 6.5 %
Notary Services 1 %
Other expenses 0.5 %

Description

This building, built in 1994, is conveniently located right in the center of Wittenberg (Brandenburg land).

A 3-storey residential building made of clinker, with a full basement and 2 stairs, each of which is equipped with an elevator that allows you to go down to the basement.
There are a total of 10 tenants in the house, 6 of which are commercial (KIK store, newspaper publisher, doctor's office, beauty salon, nursing home). At the moment, there is a vacant commercial space, which is already being negotiated for lease.
There is a large parking lot for more than 80 places behind the house.

The building area is about 1,905 sq.m.
The land area is about 4,535 sq.m.
Year of construction — 1994
Rent — about 108,300 euros per year
The cost is 1,685,000 euros
The commission is 3.57%
Profitability — 6.43%

The city of Wittenberg on the Elbe with a population of about 17,000 people is the largest city in the Prignitz area of Brandenburg and at the same time a promising and attractive place to live and do business.
Located in the north-west of Brandenburg and in the corner of the four federal states of Saxony-Anhalt, Mecklenburg-Vorpommern and Lower Saxony, quality of life, family-friendly habitat, proximity to nature on the Elbe. and cultural attractions create excellent conditions for companies and business settlements.
Wittenberg has excellent transport links, is located directly on the railway link between the metropolises of Berlin and Hamburg, and is also an ICE stop.

Do not miss the opportunity to purchase an apartment building in Wittenberg!

If you are interested in this and other facilities, you can submit a request. The staff of our company will contact you in the near future and will provide you with the objects corresponding to your request.

Do you want to sell your property in Germany? Great! Send us information about your property and we will help you sell it!


Representative

Igor Siebert
CEO
Languages: english, german
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