Office building under construction, Bremerhaven, Germany

Additional information is provided after the signing of an NDA

Office building under construction, Bremerhaven, Germany

2,644,000 €
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Total area: 1,400 m² Yield: 6.0% Completion in 2019
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Features
  • Operating Incomе: 159,600 €
  • Land area: 4,400 m²
  • Occupancy: 100%
  • Loan size: 32% of the value of the object
  • Rate: 2.0%
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 5.0%

An office building under construction with a large corporate tenant.

Description

The completion date is 2019.

The building is provided with a construction guarantee for 5 years.

Financial performance

The absolute annual income is 159,600 €.

The current yield of 6%.

Tenants

The tenant is one of the largest architectural companies in Europe with turnover about 1 billion euros. The company has more than 800 employees and is engaged in the development of residential real estate projects, retail trade, industrial construction, logistics, offices, hospitals, etc. 

A new lease agreement will be signed for 10 years + renewal options.

Transaction costs

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

Acquisition tax is 5,0%.

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

The cost of ownership

The management and maintenance costs are 9,494 € per year (VAT included).

Location

The property is located in the north-west of Germany, in the city of Bremerhaven.

The region specializes in fishing and fish processing for the whole of Europe.

The distance to Bremen is 60 km.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services