An eight-storey office building in Wuppertal.
Description
The building was built in 1970, it is constantly maintained in a good condition, repairs are carried out if necessary.
A new boiler equipment (gas) has been recently installed.
Absolute annual income is 406,000 €.
The current yield is 7,9%.
All the spaces as well as underground parkings and two antennas on the roof are leased.
Anchor tenants are:
- customs occupying an area of 2,310 m². The lease agreement is valid until June 2019 with an automatic renewal for a year.
- Dorma company occupying an area of 2,100 m². The lease agreement is valid until March 2020 with an automatic renewal for a year.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6,5%.
Brokerage fee is 4% + VAT 19% (total 4,76%).
The office building is located in the city of Wuppertal (Düsseldorf administrative district). The population of the city is more than 350,000 people.
The property is located in a large area of the city with all the necessary infrastructure. This area has its own pedestrian center and a railway station.
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.
