Modern office building, Hessen, Germany

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Modern office building, Hessen, Germany

22,500,000 €
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Total area: 8,680 m² Yield: 5.6% Built in 2003
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Features
  • Operating Incomе: 1,250,000 €
  • Land area: 4,155 m²
  • 7-floor building
  • Occupancy: 100%
  • Number of parking lots: 182
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 5.0%

Modern office building near Frankfurt.

Description

Seven-story office building with the parking for 182 cars, 137 parking places are in the underground garage.

The area of offices is 8,680 m². 

Area of the premises for the employees — 214 m².

The object was constructed in 2002–2003. 

Transaction type Share Deal is posssible.

Financial performance

Absolute annual income is 1,250,000 €.

The current yield of 5,6%.

Tenants

There are seven tenants among which there are large well-known companies.

The WALT is 5,2 years.

For one of the tenants the contract provides rent vacation within six months after the date of transmission of the area of rent (till August, 2018).

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 6,0%.

Brokerage fee is 5% + VAT 19% (total 5,95%).

Location

The property is located in the business park of 50 hectares in the town which belongs to the district of Frankfurt.

Highways and lines of the city electric train provide direct link with the downtown. The project of possible extension of the line of the subway to this area is considered.

The distance to the center of Frankfurt is 7 km, to the Frankfurt-am-Main international airport is 15 km.

Statistics in Germany

Price per m², €
4,906
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
66
Index 66 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 4,905.7
Apartment in a bedroom community, m² 3,386.31
Transport Price, €
Public transport, 1 ride 2.7
Monthly travel card 70.0
Taxi, 1 km 2.0
Petrol, 1 l 1.4
Food Price, €
Water, 1.5 l 0.34
Milk, 1 l 0.7
White bread, 500 g 1.3
Eggs, a dozen 1.82
Chicken fillet, 1 kg 7.31
Education Price, €
Kindergarten, per month 307.85
International school, per year 14,680.58
Health care index
Staff competence 77.5
Medical equipment 89.46
Research accuracy and completeness 75.69
Attitude towards patients 68.71
Security index
Crime rate 34.23
The risk of being robbed 32.28
The risk of car theft 31.75
The risk of break-in and property damage 42.98

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

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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
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