Multifunctional сenter, Rhineland-Palatinatee, Germany

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Multifunctional сenter, Rhineland-Palatinatee, Germany

11,650,000 €
2,397 € /m²
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  • Total area
    4,860 m²
  • Yield
    5.8 %
  • Built in 
    1996
Details
Property parameters
  • Land area: 1,927 m²
  • Number of parking lots: 15
  • 5-floor building
Financial performance
  • Annual income: 674,091 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2005
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 5.0 %
  • Broker: 3.0 %

A multifunctional center with underground parking.

Description

The property includes retail, office, living quarters, as well as a medical center.

The retail area is 3,766 m².

The area of offices is 860 m².

The area of the underground garage is 209 m².

The energy consumption: 50 kWh/ m².

Equipment

  • elevators
  • stairs
  • two escalators
  • ventilation
  • air conditioning system

Financial performance

The absolute annual income is 674,091 €.

The current yield of 5,8%.

Tenants

The object is leased by several companies.

The anchor tenants are: a large European retail chain of bookstores (more than 200 shops in Germany) and an international pharmacy retail chain (more than 1600 pharmacies in the world).

Transaction costs

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

Acquisition tax is 5,0%.

Brokerage fee is 3% + VAT 19% (total 3,57%).

Location

The property is located in the center of the pedestrian zone of the town with the population of about 100,000 people in the southwest of the Rhineland-Palatinate land.

The city is a modern center of information and communication technologies. There is a well-known university, as well as a technical college and many research institutes here.

The list of interesting places and attractions of the city includes several shopping areas that are open only for pedestrians, with a wide variety of restaurants and bars, botanical gardens, a theater, museums, a large swimming pool.

The property is located in the area of the city with developed infrastructure. The are shops, restaurants, cafes, banks, cinemas, a supermarket, a bakery, a hairdresser, a pharmacy in a walking distance

The distance to the cities of Mannheim and Saarbruecken is about 70 km, to Frankfurt — about 120 km.

  • Property on the map
    Location right down to the building, street or city

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

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  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Mezzanine loans as an alternative to commercial property investment

Remote investment is possible.

No need to open structures abroad and notify the tax authorities of CFCs.

No maintenance and management costs.

Comparing a mixed-use building purchase with a mezzanine loan

Investment vehicle
Mixed-use building
Mezzanine
Yield per annum
5.8%
8—10%
Investment budget
11,650,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1,5 % — notary fee (state registration)
  • 6,0 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

5%?

The agent's commission and the expenses on an independent legal review of the project

Investment term
from 5 years
from 2 years
Risk level
Low
Moderate
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