| Type | Ground-floor flat |
|---|---|
| Living area approx. | 56 m² |
| Bedrooms | 2 |
| Rooms | 3 |
|---|---|
| Bathrooms | 1 |
| Rent excluding bills | 437 € |
|---|---|
| Purchase price | 146.310 € |
| Price per m² | 2,590.02 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsA ground-floor apartment in the apartment building at Eugen-Richter-Str. 2 in Erfurt is for sale. The building is currently being divided into ten condominium units in accordance with Section 8 of the German Condominium Act (WEG).
The ground-floor apartment has a living area of approx. 56.49 m² and comprises 3 rooms, a kitchen, bathroom and hallway. A cellar room in the basement provides additional storage space. The entire apartment is currently tiled and offers plenty of potential for individual design options.
The unit has been rented on an indefinite basis since 01.01.1996. As a result of the current division of the building, the tenants are protected by a termination restriction period. This means that owner-occupancy will only be possible after three years plus the notice period. The last rent increase took effect on 01.11.2023.
Taking into account the tax implications of an appraisal of the remaining useful life, this results in additional annual depreciation of EUR 1,229.00. At a marginal tax rate of 42%, the yield increases to 4.72% with the rent remaining unchanged (see target rent).
There is an option to add balconies in the courtyard. A building permit for 6 balcony structures has been granted for the apartment buildings at Eugen-Richter-Str. 2, 3 and 4. The balconies have not yet been built, but have already been included in the plans for the declaration of separate ownership. The balconies can be added in consultation with the WEG.
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The Künne Immobilien Group is a professional service provider in the real estate sector, offering services in project development, sales, rentals, property management and facility management.
For more information and insights, visit our website: www.kuenne-gruppe.de Would you like to sell your property? Whether it is an apartment building or single-family home, condominium, plot of land, or new-build or developer project, we market your property competently, transparently and promptly throughout Germany.
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