AllGrund Ltd. | HRB 50527 AG Offenbach
Immanuel-Kant-Str. 35 | 63303 Dreieich
Tel.: 06103 310847 | Fax: 06103 8073755
Email: service@allgrund.com Homepage: www.allgrund.com
Built in 2007, 65 m², 3 rooms, bathroom, kitch., balc., 5th floor,, 960 € net rent
ZIP Code:
60327
City or town:
Frankfurt am Main
District:
Europaviertel
Asking Price:
€ 418,000.00
Parking possibility:
There are underground parking spaces that can be rented if available
Brokerage commission to be paid by buyer incl. VAT (% of notarized purchase price):
2.975 %
Total commission:
5.95 %
Commission payable by:
Half by buyer and half by seller
Type of Land plot:
Building and surrounding property
Size of Landplot:
897.00 m²
For WEG: co-ownership share in the property:
17/1,000
Does the property have oversize or is it additionally buildable:
No
In a nutshell:
Small but nice! Long-term rental potential secured.
Year of construction:
2007
Comment regarding year of building:
One of the first developments during the construction of the new Europaviertel in Frankfurt.
Detailed description of the object:
Very nice, well-designed and well-rented 3-room apartment. Living room, kitchen, study, bedroom, balcony, bathroom, hallway, plus basement room. On the 5th floor of an apartment block in the immediate vicinity of the SkylinePlaza shopping center, and only five minutes from the Frankfurt trade fair (on foot). Ideal for renting. Current rental income €960 (€14.77 /m² living space)
Features:
Fitted kitchen, solid parquet floor, bright doors, pleasant living environment.
Comments regarding parking situation:
There is no parking space at the apartment itself. You can inquire whether one of the underground parking spaces is available for rent.
Type of energy performance certificate:
Residential building consumption certificate
Residential Building - Final Energy Value:
60.00 kW/m²a
Primary energy demand:
66.00 kW/m²a
Main energy source:
Natural gas
Year of construction of building according to EPC:
2007
Year of Construction of the heat generator according to EPC:
2008
Energy consumption for hot water included:
included
Energy efficiency class:
B (< 75)
Date of Energy Performance Certificate:
19 Oct. 2017
Description of location:
The location is great. Only three minutes' walk from the Skyline Plaza, a few minutes from the Frankfurt trade fair and the banking center, and the main train station can also be reached on foot within ten minutes. According to current information, the new underground station is being built directly in front of the building.
City district:
Europaviertel (Gallusviertel)
Public transport connection:
The tram stops "just around the corner"
General noise level of location:
Alive
Shopping facilities:
Skyline Plaza offers everything you need
Type of Condo:
Apartment
In which floor (groundfloor=0):
5
Total number of floors with GF and possibly DG:
6
Approx. living area:
65.00 m²
Source or reference to the floor space information:
The living space was measured again for checking purposes and the information in the documents is correct.
Rented out (details):
Yes
Number of rooms (German counting):
3.00
Number of bedrooms:
2
Number of bathrooms:
1
Balcony, Terrace, Loggia:
Balcony
Co-ownership shares:
17/1.000 MEA
Share of property on the land in %:
1.70 %
Monthly housing fee:
€ 246.10
Note:
From the 2024 economic plan
How much (in EUR) of maintenance fund payment already included in housing fee:
€ 49.58
In case of renting out payable amount by tenant:
€ 151.95
Source of these informations:
Billing 2022
(More) Informations on maintenance reserve fund:
The reserve balance as at 31.12.2022 will be submitted individually during the inspection. More recent figures are not available.
Renovations to be done in the flat:
No
Number of units in the block:
207
Further hint regarding other than apartment units:
The jointly managed units include not only Frankenallee 25, but also the buildings Mainzer Landstraße 146 and 148. For the maintenance reserve and maintenance or modernization measures, we received the following information from the property management when asked to what extent the owner of the apartment offered for sale here is involved.
Quote:
"In principle, these investments are financed from the maintenance reserve. Depending on the measure, the costs are either borne by all owners (= 11,000 co-ownership shares) or by Frankenallee (= 1,000 co-ownership shares) or Mainzer Landstrasse 146-148 (= 10,000 co-ownership shares), always in proportion to the co-ownership shares.
Of the measures that affect the entire property, 30% of the costs are allocated to Frankenallee on a pro rata basis and set in relation to the co-ownership share of 17 MEA. Added to this are the costs that can be directly allocated to Frankenallee.
The measures will be implemented following a prior resolution, but not all at the same time."
Planned actions:
There is a 10-year plan for extensive major renovations and any necessary modernizations. This has not yet been decided, only presented by the property management. Buyers can find out more about this from the minutes of the meeting.
General information on the renting situation:
The apartment has been rented to the current tenants since November 1st, 2017. The rental agreement is for an indefinite period. The originally agreed rent was €870.
Current net rent per month:
€ 960.00
Land tax:
€ 330.96
What is the outstanding feature of this property:
Easily rentable investment in a safe location
Appointments for viewings:
By arrangement (because only rented for individual dates)
Contents and advertising statements:
The descriptions made in this exposé have been prepared to the best of our knowledge and belief on the basis of conversations, studies of property documents, building descriptions, information provided by the seller, minutes of the owners' meetings (in the case of condominiums), research on the Internet with regard to connection location, traffic, schools, etc.. Notices with advertising attributes often also represent a personal opinion of the seller or copywriter, and are not to be understood as a declaration of quality in the sense of §§ 433ff BGB. Inadvertently incorrect or false statements will be corrected by us immediately after a hint or discovery by us. Advertising statements serve to arouse interest and emotions. Buyers must inform themselves in detail about the actual condition of an object brokered for sale, if necessary also by consulting an expert, civil engineer or architect. Verbal statements made on the telephone or at viewing appointments by the broker or employee are considered non-binding and may also be incorrect if based on misunderstandings. An interested party should always obtain written evidence of important statements about the condition, quality or legal status of a property. In particular, statements about expansion, extension, new construction, deconstruction of an object, which fall within the scope of building authorities and building inspection authorities, are not binding on our part. For this purpose, written inquiries must be made to the responsible authorities if this is deemed necessary. A preliminary building application or a preliminary permit application should be made in consultation with an architect (an owner's power of attorney is required for this).
General Terms and Conditions
The property has been proven by AllGrund Immobilien GmbH Dreieich. Upon conclusion of the purchase contract, the brokerage fee, which the buyer pays to AllGrund, amounts to {courage} of the purchase price incl. VAT, due and earned with the notarial purchase contract. Subject to prior sale or letting. All information without guarantee, errors excepted. Contracts and brokerage contracts are concluded according to German law.
Right of withdrawal: The undersigned hereby confirms that he/she may withdraw from the brokerage contract within 14 days of the conclusion of the contract by email, fax or letter without stating reasons. However, the service of the broker shall be deemed to have been claimed and fulfilled if the undersigned, waiving his right of withdrawal, requests the conclusion of a purchase contract before the expiry of the 14 days. Notwithstanding the foregoing, the above-mentioned commission shall be payable to the broker only and in any case upon conclusion of a purchase contract. No further costs shall be incurred either in the event of revocation of the brokerage agreement or in the event of failure to conclude a purchase agreement for this property. The same applies in the case of a rental agreement.
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Right of withdrawal / cancellation policy
Please note the following important information for you as a consumer regarding your right of revocation!
You have contacted us as an estate agent and would like to rent or buy a property (house, flat etc.) offered by us. By doing so, you are entering into a brokerage contract according to the law. This does not necessarily have to be concluded in written form, but can also be done by so-called conclusive behaviour. You give us the order to arrange a property for you, to show it to you, or to inform you of the address or to establish contact with the seller or landlord. As soon as we have given you this information, we are generally entitled to commission. (It is like in any other business - you want a service and we as a service provider have earned a fee for it, if the service has been rendered completely - or if necessary also partially).
In the following we explain your right of withdrawal according to § 355ff. BGB
We will be happy to answer any further questions you may have. Please note that these explanations refer exclusively to your right of revocation of the brokerage contract, but not to rental or purchase contracts. You as the client may revoke your contractual declaration as described above vis-à-vis the estate agent within 14 days of the conclusion of the contract without stating any reasons (e.g. by letter, fax, e-mail). The time of the conclusion of the contract is generally considered to be the time when you commission the estate agent to send you details of the offered property or to act on your behalf (e.g. viewing appointment, sending of an exposé or further information, forwarding of the address, rental contract, purchase contract etc.). In any case, the receipt of this revocation instruction in paper form is the latest point in time at which the 14-day revocation period begins.
In order to comply with the revocation period it is sufficient to send the revocation in due time by letter to AllGrund Immobilien GmbH, Immanuel-Kant-Straße 35, 63303 Dreieich or by fax to 06103/8073755 or by e-mail to service@allgrund.com or SMS to 0151-58703200. Sending the revocation to us on the last day of the revocation period is deemed to be in due time. If you send us your cancellation by email, we recommend that you use a second means of communication, preferably by fax, as emails can sometimes end up in automatic spam filters over which we have little control. You are also welcome to call us to make sure that we have received your cancellation. However, you cannot revoke orally. After proper revocation, any payments already made by you to us must be returned to you as the client without delay, at the latest within fourteen days of receipt of the revocation by us. No fee will be charged to you as principal for this return of payments. The return of the payments shall be made in the same way as the payment was made by you.
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Order for the provision of services before the end of the cancellation period
If you wish to commission us to provide a service before the expiry of this 14-day revocation period (e.g. viewing, naming an address, sending detailed documents, naming landlord or seller), you thereby declare to us that you have been informed of this and agree that your right of revocation thereby expires.
If you have nevertheless already received services from us by the time you exercise your right of revocation in due time, you thereby declare that, in the event of a revocation of this conclusion of the contract, you shall pay a customary, reasonable remuneration for the services rendered up to the time of revocation, which remuneration shall correspond to the share of the services already rendered in the total scope of the contractually agreed services. If the proof of the opportunity to conclude a contract or for the mediation of a contract has been provided, this shall correspond to the total scope of our services. Other services rendered up to that point (viewings, consultations relating to the purchase or rental, etc.) are to be remunerated by you, if applicable, in an appropriate and customary manner in accordance with the broker's effort, insofar as the entire service has not yet been rendered in full.
Expiry of the right of withdrawal through complete performance of the service
You, as the client, are hereby notified that your fourteen-day right of cancellation set out above will expire once we have fully and properly provided the contracted services.
Please note:
The law requires us to provide you with this cancellation notice for each property brokered by us. There is no possibility to declare a general waiver of this requirement. Therefore, if you are requested to sign this confirmation again at each viewing, this is solely due to the legal regulations to which we are bound. If an exposé states that you, as a potential tenant or buyer, do not have to pay any commission (for example, because the agent is remunerated by the landlord or seller or, if applicable, is offering a property from his own property), the right of withdrawal does not apply.
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