Commercial center in Hannover, Germany

Additional information is provided after the signing of an NDA

Favourable buying terms till the end of the year

Vat rate reduced from 19% to 16% till 31 December, 2020

Commercial center in Hannover, Germany

10,900,000 €
1,258 € /m²
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  • Total area
    8,663 m²
  • Yield
    6.8 %
  • Built in 
    2000
Details
Property parameters
  • Land area: 4,017 m²
  • Number of parking lots: 212
Financial performance
  • Annual income: 737,925 €
Transaction costs
  • Notary (state registration): 2.0 %
  • Acquisition tax: 5.0 %
  • Broker: 4.8 %

A detached building with retail premises.

Description

Total area of the property is 8,663 m²

The shopping center consists of 4 shops.

The building was built in 2000.

The purchase price of the property includes a parkign for 212 cars.

Financial performance

Absolute annual income is 737,925 €.

The current yield of 6.8%.

Tenants

The anchor tenant is a large appliance shop chain.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

The brokerage fee is 4.76%.

Location and nearby infrastructure

The shopping center is located in Hannover. Public transport stops are situated within walking distance from the property.

  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other mixed-use buildings for sale in Germany.

You can see more mixed-use buildings for sale in Hannover elsewhere on our website.

Mezzanine loans as an alternative to commercial property investment

Remote investment is possible.

No need to open structures abroad and notify the tax authorities of CFCs.

No maintenance and management costs

Comparing a mixed-use building investment to a mezzanine loan investment

Investment vehicle
Mixed-use building
Mezzanine
Yield per annum
0,5%—9,3%
8—10%
Investment budget
from €250,000
from €500,000
Buying expenses
10—15%?
  • 1,5 % — notary fee (state registration)
  • 6,0 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

5%?

The agent's commission and the expenses on an independent legal review of the project

Investment term
from 5 years
from 2 years
Risk level
Low
Moderate
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Inna Klimaeva
Inna Klimaeva
Investment consultant in Hannover
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