Office building in the state of North Rhine-Westfalia, Germany

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Office building in the state of North Rhine-Westfalia, Germany

25,057,000 €
2,018 € /m²
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  • Total area
    12,416 m²
  • Yield
    6.0 %
  • Built in 
    2005
Details
Property parameters
  • Number of parking lots: 376
  • 5-floor building
Financial performance
  • Annual income: 1,503,432 €
Tenants
  • Fully let
  • End of lease: 2022
Transaction costs
  • Notary (state registration): 2.0 %
  • Acquisition tax: 6.5 %
  • Broker: 4.8 %

A five-storey building with office premises.

Description

Total area of the building is 12,416 m²

The building was built in 2005 and now it is in a good condition.

The purchase price of the property includes a parking for 376 cars.

The office building is leased out to a single tenant.

Financial performance

Absolute annual income is 1,503,432 €.

The current yield of 6%.

Tenants

The tenant is a large chemical company.

The lease agreement is valid through 2022 and includes extension options for 2x5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

The brokerage fee is 4.76%.

Location and nearby infrastructure

The office building is located in the city with the population of more than 40 thousand people, in the state of North Rhine-Westfalia. There are public transport stops and an entrance to a motorway situated in proximity from the property. The distance to the nearest airport is about 25 kilometres.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

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

You can see more office buildings for sale in North Rhine-Westphalia elsewhere on our website.

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