Commercial spaces rented as medical offices.
Description
The property includes 14 commercial units covering an area of 4,225 m².
The spaces are in good condition.
This property is interesting for investors who want to develop property, and not to buy a ready-made business.
There is a potential for development, if one of the tenants leaves, a popular location will easily attract new tenants.
The absolute annual income is 606,698 €.
The current yield is 5%.
The tenants of the property are medical offices.
The average duration of lease agreements is until 2022 (2020–2024).
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6,5%.
The brokerage fee is 4% + 19% VAT (in total 4.76%).
The property is located in one of the largest cities in the federal state of North-Rhine Westphalia.
The capital of the federal state is Dusseldorf. The largest city by population is Cologne. The population is 17.6 million people (the most populated state in Germany). It takes the 4th place in Germany by the area size. 29 of the 80 major German cities are located in the urbanized territory of NRW.
