Office building, Hessen, Germany

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Office building, Hessen, Germany

13,250,000 €
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Total area: 13,500 m² Yield: 7.1% Built in 1970
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Features
  • Operating Incomе: 950,000 €
  • 12-floor building
  • Occupancy: 74%
  • Number of parking lots: 135
  • Leasable area: 9,700 m²
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%

Twelve-storey office building.

Description

The building was built in 1970 and is constantly renovated.

There is parking for 135 cars in the territory of the office.

Equipment

  • fire protection
  • air conditioning system
  • system partitions walls

Financial performance

The absolute annual income is 950,000 €.

Current yield is 7.1%.

Tenants

An anchor tenant is a large network IT company, which occupies 30% of the building area.

The WALT is 4 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

Location

The office building is located in the federal state of Hessen in the center of the town with a population of more than 20 thousand people.

There is the German Stock Exchange nearby.

There are also shops, a furniture network store and various car dealerships in the immediate vicinity.

More properties

If this property wasn’t for you, take a look at other office buildings for sale in Germany.

You can see more office buildings for sale in Hessen elsewhere on our website.

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Enquire about this office building
Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Hessen
+44 20 3608 1267
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