Office building, Wuppertal, Germany

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Office building, Wuppertal, Germany

8,730,000 €
1,195 € /m²
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  • Total area
    7,300 m²
  • Yield
    5.7%
Details
Property parameters
  • Land area: 5,340 m²
Financial performance
  • Annual income: 498,898 €
Tenants
  • Occupancy: 90 %
Property status
  • Most recent total renovation: 2015
Loan
  • Loan size: 50% of the value of the property
  • Rate: 1.9 %
  • Loan term: 20 years
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 6.0% + VAT

A residential and business complex in Wuppertal.

Description

The property includes:

  • office areas (80%)
  • residential buildings
  • art site

Financial performance

The absolute annual income is 498,898 €.

The current yield of 5,7%.

Loan

Bank financing at 1.9% per annum for a period of 10–20 years is possible.

Tenants

The complex is rented by 90%.

Transaction costs

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

Acquisition tax is 6,5%.

Brokerage fee is 6% + VAT 19% (total 7,14%).

Location

The complex is located in the city of Wuppertal (Düsseldorf administrative district). The population of the city is more than 350,000 people.

The city hosts the European Institute of International Economic Relations (in University of Wuppertal).

One of the main types of public transport in the city is a monorail suspension system on trestles, performing the function of the underground. Also there is a bus service, a railway station for suburban and long-distance trains in Wuppertal.

The city is a production site of the company Wera Tools — a well-known European manufacturer of professional tools.

The list of attractions and cultural values of the city includes the Wuppertal dance theater, a botanical garden, a town hall, a museum of trams.

  • 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.

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

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a office building purchase with a construction loan

Investment vehicle
Office building
Construction loan
Yield per annum
5.7%
8—10%
Investment budget
8,730,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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