Profitable house in the center

The building is after reconstruction, all premises are 100% leased, tenants are ready to extend the contract for the next 5 years.   

The main tenants are a dental clinic and a kindergarten, plus a few more companies.   

The area of the building is 870m2. 

Own parking in front of the building.

Rental income: 3800 € / month × 12 months = 45,600 € / year.

Communal expenses are paid by tenants.   

The owner of the building pays the property tax of 2000 € / year.

Net income from leasing a year: 43,600 €.

Profitability: 6. 4% per annum.