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3 000 000 €

Flat in Essen, Germany, 1 100 sq.m

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  • Flat in Essen, Germany, 1 100 sq.m - picture 1
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  • Flat in Essen, Germany, 1 100 sq.m - picture 1
  • Flat in Essen, Germany, 1 100 sq.m - picture 2
  • Property ID on Prian.info: 3299048
    Property ID on company's website: P17566
    Last update: 04.03.2024
    Number of views: 3108

3 000 000 €

Flat in Essen, Germany, 1 100 sq.m

1100 sq.m 8

  • On the map
  • Property ID on Prian.info: 3299048
    Property ID on company's website: P17566
    Last update: 04.03.2024
    Number of views: 3108

Specifications

Sale price 3 000 000 €
Price per square meter 2 727.27 €
Floor area 1 100 sq.m
Floor 4
Total number of rooms 8
Construction phase Resale
Address Germany, Essen, Essen, Germaniya
Four-Room Apartment and more

Description

ID: 17566
The required investments are 250,000 Euros.
Annual yield 8-12%
Strategy:
1. Purchase of an apartment building with a current yield of about 5% per annum;
2. Increase of rental rates due to renewal of contracts with tenants within 5 years;
3. Resale of the object at a higher price.
The project is being implemented jointly with a German management company specializing in apartment buildings in North Rhine-Westphalia.
Legal structure: creation of a project company with direct participation of an investor.
Attraction of a loan in the amount of 65 - 80% of the cost of the object. Fixed rate for up to 10 years: 1.2 - 2.0%.
With 17.8 million inhabitants, North Rhine-Westphalia is the largest federal state in Germany in terms of population and population density.
Essen has a population of 590.000 people, one of the main economic centers of the earth.
In the last 7 years, rental rates in Essen have increased by 30%.
ID: 17566
The required investments are 250,000 Euros.
Annual yield 8-12%
Strategy:
1. Purchase of an apartment building with a current yield of about 5% per annum;
2. Increase of rental rates due to renewal of contracts with tenants within 5 years;
3. Resale of the object at a higher price.
The project is being implemented jointly with a German management company specializing in apartment buildings in North Rhine-Westphalia.
Legal structure: creation of a project company with direct participation of an investor.
Attraction of a loan in the amount of 65 - 80% of the cost of the object. Fixed rate for up to 10 years: 1.2 - 2.0%.
With 17.8 million inhabitants, North Rhine-Westphalia is the largest federal state in Germany in terms of population and population density.
Essen has a population of 590.000 people, one of the main economic centers of the earth.
In the last 7 years, rental rates in Essen have increased by 30%.

Representative

Ksenia Sorokina
Business Development Director European Department
Languages: english
Show phone number



Cost of accomodation in Essen

Cost of accomodation in Essen
Restaurants
Cappuccino (regular) 2.94 €
Coke/Pepsi (0.33 liter bottle) 2.57 €
Domestic Beer (0.5 liter draught) 4.00 €
McMeal at McDonalds (or Equivalent Combo Meal) 10.00 €
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 €
Meal, Inexpensive Restaurant 12.00 €
Water (0.33 liter bottle) 1.97 €
Imported Beer (0.33 liter bottle) 3.15 €
Markets
Apples (1kg) 2.42 €
Banana (1kg) 1.61 €
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 15.06 €
Bottle of Wine (Mid-Range) 4.99 €
Chicken Fillets (1kg) 11.91 €
Domestic Beer (0.5 liter bottle) 0.90 €
Eggs (regular) (12) 2.98 €
Lettuce (1 head) 1.68 €
Loaf of Fresh White Bread (500g) 2.05 €
Local Cheese (1kg) 12.44 €
Milk (regular), (1 liter) 1.07 €
Onion (1kg) 1.46 €
Oranges (1kg) 2.12 €
Cigarettes 20 Pack (Marlboro) 8.20 €
Potato (1kg) 1.66 €
Rice (white), (1kg) 2.36 €
Tomato (1kg) 2.18 €
Water (1.5 liter bottle) 0.53 €
Imported Beer (0.33 liter bottle) 1.87 €
Transportation
Gasoline (1 liter) 1.97 €
Monthly Pass (Regular Price) 72.50 €
One-way Ticket (Local Transport) 3.00 €
Taxi 1hour Waiting (Normal Tariff) 31.80 €
Taxi Start (Normal Tariff) 3.50 €
Taxi 1km (Normal Tariff) 2.00 €
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 29 333.33 €
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 21 000.00 €
Rent Per Month
Apartment (1 bedroom) in City Centre 740.00 €
Apartment (1 bedroom) Outside of Centre 597.14 €
Apartment (3 bedrooms) in City Centre 1 131.25 €
Apartment (3 bedrooms) Outside of Centre 927.50 €
Utilities (Monthly)
Mobile Phone Monthly Plan with Calls and 10GB+ Data 38.96 €
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 272.98 €
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 43.88 €
Sports And Leisure
Cinema, International Release, 1 Seat 10.00 €
Fitness Club, Monthly Fee for 1 Adult 34.25 €
Tennis Court Rent (1 Hour on Weekend) 38.75 €
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 89.00 €
1 Pair of Men Leather Business Shoes 115.00 €
1 Pair of Nike Running Shoes (Mid-Range) 83.17 €
1 Summer Dress in a Chain Store (Zara, H&M, ...) 43.17 €
Childcare
International Primary School, Yearly for 1 Child 10 000.00 €
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 433.33 €
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 2 533.33 €
Price per Square Meter to Buy Apartment Outside of Centre 3 566.67 €
Salaries And Financing
Average Monthly Net Salary (After Tax) 2 847.92 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.67 %

Data on the cost of living is provided by the service Numbeo.com. Prian.info can not in any way guarantee the authenticity and correctness of the data.

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