Office building in Hamburg, Germany

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Example of office building in Hamburg

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Office building in Hamburg, Germany

20,000,000 €
2,380 € /m²
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  • Total area
    8,400 m²
  • Yield
    3.5%
  • Built in 
    2015
Details
Property parameters
  • Land area: 4,000 m²
  • Number of parking lots: 160
  • 6-floor building
Financial performance
  • Annual income: 700,000 €
Tenants
  • Fully let
  • End of lease: 2023
Loan
  • Loan size: 60% of the value of the property
  • Rate: 1.8%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 4.5%
  • Broker: 3.0% + VAT

Detached building with office premises.

Description

The building comprises six storeys and a two-level undergound parking for 160 cars.

The total area of the building is 8,400 m².

The area of office premises is 7,700 m².

The area of retail premises is 700 m².

There is the possibility of creating a green area in the courtyard of the building.

Financial performance

Absolute annual income is 700,000 euro.

The current yield of 3.5%.

Loan

It is possible to obtain bank loan for 60% of the value of the project at 1.75% per annum.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 4.5%.

The broker's fee of 3%.

Location and nearby infrastructure

The building is located in the central district. Public transport stops are situated in a close vicinity of the property. There are many sights located in proximity from the building.

More properties

If this ad doesn't suit you, have a look at the other office buildings for sale in Hamburg.

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