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Business for sale in Porta Westfalica, Germany

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Residential complex with 104 apartments, renovated, with high income from the rental, in the city of Porta Westfalica. Building built in 1975, will be settled after a major overhaul in 2014. Living area - 6813 sq. m. land Area - 9117 sq. m. Installed new 3-chamber Windows, high-efficiency gas boiler; modern radiators; new doors; replaced all plumbing, laid tile, renovated, walls and ceilings. Parking for car and room in the basement for each apartment. The Porta Westfalica is located in the North-East of North Rhine -Westphalia , in the South-East of the district Minden - Lübbecke and its Porta Westfalica . The nearest big city of Bielefeld (35 km South-West), osnabrück (60 km West) and Hannover (60 km northeast). District Lorbek refers to the most populated areas of the city with developed infrastructure. The property is situated in an exclusively residential area with ample Parking and green Playground. Porta Westfalica is situated on the A2 motorway and pass through the railway line Hanover - düsseldorf and Amsterdam - Cologne . Train station Porta Westfalica is situated on the railway line Hamm - Minden . Every hour trains leave for Dusseldorf, Braunschweig, Bielefeld - Minden (Westfalen - Express ) and RE train Rheine - osnabrück / Bielefeld - Hanover. Direct bus routes to the town of Minden. The town is part of the tariff Association "Six" (OWL Transport GmbH ). The city has several Cycling routes, a special mention deserves the Weser river. In the area Feltrim there is a cable car crossing for pedestrians and cyclists. In Porta Westfalica - Fennec is the airport Porta Westfalica for small and glider aircraft. The nearest international airport is in Hanover, a distance of about 70 kilometers. After completion of repair of the apartments will be rented at a price of 5.70 euros per sqm per month, which corresponds to the average in the area. Annual return: 6813 sq. m. X 5.7 euros X 12 months = 466 000 Euro. Profitability - 9 % per annum. The cost included a Commission of 3 % (net) and the price of registration. Additional information is available upon request.

Extra Сosts when Buying Property

Property Transfer Tax 3,5-6%
Notary Fees 0,7-3%
Legal Costs 0,3-1%

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Ongoing Ownership Costs

Annual property tax for a small flat €70-150 p.a.
Gaz €3-4/m³
Electricity, on average €0,29 KW/h
Water €0,30-0,50/m³
Radio and Cable TV €17/month
Internet ADSL €9,95/month
Fixed Telephone €15-40/month
Management company fees €30-50/month

Additional Services Costs

Agent Fee 3-6%+VAT

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