Profitable house in Germany, Augsburg in Augsburg

Description

Object ID: 21574
Property type Apartment
Square 2700.00 m2
Bedrooms Studio
Price 6,500,000$
Buy online Details
Floors
Condition
Has furniture No
Has home appliances Yes
Building condition
Security
Conveniences Parking

Information

Hostel for refugees near Augsburg

1. Location:
The proposed facility is located near the city of Augsburg (Federal State of Bavaria). The municipality has excellent transport links with Munich and Augsburg.

2. Description of the object:
The object consists of two buildings built in 1970. The total rental area is 2.700 m².
There is central heating and hot water.
The buildings were overhauled for the settlement of refugees on behalf of the tenant, the Federal State of Bavaria.
The object was transferred to the current tenant on 02/01/2017, the lease agreement was signed until 01/31/2027.
In addition, there is a lease agreement for 2 antennas until 2029.
All overheads, taxes and insurance are at the expense of the tenant.
Rental payments per year are € 438,000.
The neighboring site will be built up with residential buildings, which in the future will have a positive impact on the value of the object.
At the end of the lease term, it is possible to divide the object into separate apartments and their subsequent sale. (The region's market is experiencing rapid growth in residential real estate prices, over the past 5 years, prices have increased by 40%.)

Profitable house in Germany, Augsburg on the map of Augsburg

FAQ

What is the area of the object?