Description

Financial parameters

This apartment is rented out and brings the head income: 2 688,00 €

Financing is available at interest rate of 1.5-3.0 %

Fee for mortgage from 110,00 € per month



The purchase of the property possible without the Commission through compulsory auction.
The aforementioned purchase price will correspond to the rate of 100% of the established court of the market value of the property.
According to our forecasts during the auction the price could rise by 25% or fall by up to 70 % of previously declared value. Thus this property can be bought even for less than half price. If the apartment nobody will buy it, then re-auction it can be purchased for even less. It can increase its profitability more than doubled! Our company is ready to take full support of the transaction, including all the necessary formalities like paperwork, negotiations with the court and translated from the German. As a result, you will become the owner of profitable real estate in Germany, generating a steady income.

Features

Potential increases in profitability + 2,0 - 3,00 %

Long-term contracts

Associated costs

Notary fee of 1.5–2.0 %.

Tax on acquisition of real estate of 3.5 %.

The Commission representative 3800,00 € * (1300,00 € to signing the contract of sale, and 2500,00 € after)



The costs of owning

Cost of services the management company is 23,00 €.

Operating costs amount to 2,32 €/m? per month.

Our company CM Real Estate is the market-leading German real estate. In addition to the classical brokerage services, we also provide our clients a wide range of services for the design, construction, financing and property management. We are a reliable partner in obtaining a residence Permit and business registration in Germany. We accompany our customers from the first examination of their chosen object before keys can be released after completion of the transaction. We take on the execution and translation of necessary documents, evaluate of real estate, finding and negotiating with the right people and partners, conduct the necessary market analyses and the state of the objects as well as offer our customers a variety of options for increasing liquidity and profitability of projects. We also provide our clients with any legal and technical advice on investment in German real estate.


In case you are interested in this and the other proposed to review us objects You can leave us a request. Employees of the company CM REAL ESTATE will contact You shortly and provide to Your attention the objects that match Your request.

All additional information on objects off market on request.After signing with us the preliminary agreement, you can get more information on this project, including documentation and additional photographs of the object.

The Object number in the database (ID): 90