Commercial center, Dusseldorf, Germany

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Commercial center, Dusseldorf, Germany

6,550,000 €
1,400 € /m²
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  • Total area
    4,676 m²
  • Yield
    5.9%
  • Built in 
    1973
Details
Property parameters
  • Number of parking lots: 6
  • 6-floor building
Financial performance
  • Annual income: 384,760 €
Tenants
  • Fully let
  • End of lease: 2027
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 4.0% + VAT

A six-story building with residential and commercial premises.

Description

The commercial center consists of 28 apartments and 10 commercial units. There is an elevator in the building.

The residential area is 1,674 m².

The commercial area is 3,002 m².

There are 6 garages on the plot. Also there are several parking spaces near the building.

The building was built in 1973.

Financial performance

Absolute annual income is 384,760 €.

The current yield of 5.9%.

Tenants

The anchor tenant is a government institution.

The lease agreement is valid through 2027.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

The broker's fee of 4%.

Location and nearby infrastructure

The property is located in the Düsseldorf-Garat district. This is the southern part of the city, which abuts on Benrat and Urdenbach.

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

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 mixed-use building purchase with a construction loan

Investment vehicle
Mixed-use building
Construction loan
Yield per annum
5.9%
8—10%
Investment budget
6,550,000 €
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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