Property: 50 student apartments in a well tended and maintained complex available entirely or in packets of 3-7 units starting from EUR 97.000.
Overall Area: 1.124 sq.m (19-40 sq.m per apartment)
Renting: Fully let - status as November 2017
Purchase Price: In total EUR 1.578.000 (single packets from EUR 97.000)
Return 6,5% based on net rental income (in total EUR 102.570).
The yearly change of approximately 1.000 students at he 150 years old established university has allowed constant and steady rental increases.
The letting of the apartments can be handled by a local renting service with many years of experience.
The apartment complex was finalized in the year 1996 with a total of 501 units. The buildings are surrounded by a green area. An underground car park with 171 parking spaces and several outdoor spaces are available.
All apartments for sale are light-flooded. They have been continuously renovated.
In recent years several extensive modernization measures/investments were realized (flat roof, heating, fire protection).
INFORMATION ON THE ENERGY PERFORMANCE CERTIFICATE:
Energy Consumption Certificate, 58 kWh/(m²a), gas year of construction 1994.
The commission amounts to 5.8% incl. VAT of the purchase price and is payable by the purchaser on conclusion of the purchase contract. The details provided above are based on information provided by third parties. Peters & Peters Sotheby's International Realty does not assume any liability for the completeness and accuracy of that information. In the event we have aroused your interest in this stunning property, please call Jennifer Peters at our Wiesbaden office or write us an e-mail.