Commercial center, Lower Saxony, Germany

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Commercial center, Lower Saxony, Germany

21,500,000 €
880 € /m²
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  • Total area
    24,425 m²
  • Yield
    6.3 %
  • Rental rate (m²/month)
    4 €
  • Built in 
    1987
Details
Property parameters
  • Land area: 7,383 m²
  • 8-floor building
Financial performance
  • Annual income: 1,344,468 €
Tenants
  • Occupancy: 76 %
Property status
  • Most recent total renovation: 2012
Transaction costs
  • Notary (state registration): 2.0 %
  • Broker: 4.8 %

An eight-storey building with commercial and residential units.

Description

Total area of the building is 24,425 m²

Area of retail premises is 6,063 m²

Area of offices is 6,735 m²

Area of residential premises is 3,632 m²

Area of storage premises is 1,881 m²

Other premises — 253 m²

Vacant area — 5,861 m²

The commercial center was built in 1987. In 2008–2012, the property was modernized.

The purchase price of the property includes a large car parking.

Financial performance

Absolute annual income is 1,344,468 €.

The current yield of 6.3%.

Financial performance with fully leased out area:

Absolute annual income is 1,893,000 €.

The current yield of 8.8%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

The brokerage fee is 4.76%.

Location and nearby infrastructure

The commercial center is located in the central part of the city with the population of more than 100 thousand people, in the state of Lower Saxony. There are public transport stops and an entrance to the motorway situated in proximity 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 Lower Saxony elsewhere on our website.

Statistics in Germany

Price per m², €
4,962
Healthcare efficiency level
74
Index 74 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
65
Index 65 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 4,962.39
Apartment in a bedroom community, m² 3,420.66
Transport Price, €
Public transport, 1 ride 2.7
Monthly travel card 70.0
Taxi, 1 km 2.0
Petrol, 1 l 1.41
Food Price, €
Water, 1.5 l 0.34
Milk, 1 l 0.71
White bread, 500 g 1.29
Eggs, a dozen 1.84
Chicken fillet, 1 kg 7.35
Education Price, €
Kindergarten, per month 309.39
International school, per year 14,421.73
Health care index
Staff competence 76.94
Medical equipment 89.26
Research accuracy and completeness 75.75
Attitude towards patients 68.17
Security index
Crime rate 34.26
The risk of being robbed 32.33
The risk of car theft 31.76
The risk of break-in and property damage 43.13

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Anna Kurianovich
Anna Kurianovich
Investment consultant in Lower Saxony
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