Office building, Nuremberg, Germany

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Office building, Nuremberg, Germany

11,800,000 €
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Total area: 8,530 m² Yield: 5.8% Built in 1986
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Features
  • Operating Incomе: 686,440 €
  • Land area: 5,506 m²
  • Occupancy: 100%
  • Number of parking lots: 78
  • Most recent total renovation: 1992
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.0%

Office building with an international corporate tenant in Nuremberg.

Description

The building was built in 1986 and renovated in 1992.

There is a parking for 78 cars in the territory of the property.

Financial performance

Absolute annual income is 686,440 €.

The current yield of 5.8%. 

Financial performance after the indexation of the rent from 01.01.2019:

Projected annual income is 709,631 €.

Projected yield of 6,0%.

Tenants

The tenant is a large technical information services provider. The annual turnover of the company is more than 900 million euros, and the number of employees is more than 7,000 people.

The company have rented the property for 25 years and renews the lease agreement every 5 years.

The current lease agreement is valid until 31.12.2022 and provides the indexation of the rent from 01.01.2009.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

Brokerage fee is 4% + 19% VAT (in total 4.76%).

Location

The property is located in the largest economic and cultural center of Franconia, in the North of the Central part of Bavaria, in Nuremberg.

Nuremberg covers an area of 10,000 m², contributing to the gross national product in the amount of 50 billion euros and belongs to the economically strongest regions of Germany.

The distance to the major cities:

  • Ingolstadt is in 90 km 
  • Regensburg is in 107 km
  • Würzburg is in 110 km
  • Munich is in 170 km 
  • Stuttgart is in 200 km 
  • Frankfurt am Main is in 225 km

The building is located in the Höfen district, close to shops, restaurants and bus stops. Nuremberg city center can be reached in a 20-minute drive.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Nuremberg
+44 20 3608 1267
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