Garage for sale without real estate, North Rhine-Westphalia

For sale is a well-maintained garage complex with 20 garages in Castrop-Rauxel. All garages are currently fully rented, generating a net cold monthly rent of €60 each. This results in a stable total monthly income of €1,200, corresponding to €14,400 per year.

Due to the local market situation, a rental adjustment to €70 – €80 per garage is realistic in the medium term, which could increase the annual income to up to €19,200.

Highlights:

- 20 rented concrete garages – immediate income without vacancy

- Current income: €1,200 per month / €14,400 per year

- Potential for rent increases: up to €19,200 per year possible

Tax advantages:

- Individual garage complexes on their own property are classified for tax purposes as buildings with a 20-year useful life → 5% linear depreciation per year → Particularly high depreciation allowances are possible

- Very low maintenance costs due to the robust prefabricated construction

- Attractive location in Castrop-Rauxel, with good connections and stable demand for parking spaces

Features:

- Solid concrete prefabricated garages

- No electricity or lighting connection within the garages (resulting in low operating costs)

Legal and economic key data:

- Building encumbrance register: no entries

- Contaminated sites register: no entries

- Insurance costs: €510 per year

- Property charges (2024): €337.87 (property tax, stormwater fee, waterbody maintenance)

- Property tax 2025: An objection has been filed against the new assessment notice