Office building, Hessen, Germany

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Office building, Hessen, Germany

19,677,000 €
2,578 € /m²
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  • Total area
    7,630 m²
  • Yield
    6.0%
  • Built in 
    2005
Details
Property parameters
  • Number of parking lots: 200
  • 5-floor building
Financial performance
  • Annual income: 1,180,607 €
Tenants
  • Occupancy: 95 %
  • End of lease: 2026
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.0%
  • Broker: 4.0% + VAT

A building wit office premises.

Description

Total area of the building is 7,630 m².

The area of offices is 6,828 m²

The area of storage premises is 802 m²

The office building consists of 5 above ground floors and 1 underground floor.

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

The purchase price of the property includes a parking for 200 cars.

The office building is leased out to three tenants.

Financial performance

Absolute annual income is 1,180,607 €.

The current yield of 6%.

Tenants

The anchor tenant is a system on a chip company.

The lease agreement is valid until December 2026.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

The broker's fee of 4%.

Location and nearby infrastructure

The office building is located in the city of the state of Hessen. The distance to Frankfurt is less than 30 kilometres. The population of the city is more than 20 thousand people.

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

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a office building purchase with a construction loan

Investment vehicle
Office building
Construction loan
Yield per annum
6.0%
8—10%
Investment budget
19,677,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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