Land plot with the buidling project in the suburb of Pforzheim, Germany

Additional information is provided after the signing of an NDA

Land plot with the buidling project in the suburb of Pforzheim, Germany

4,200,000 €
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  • Land area
    14,600 m²
Details
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 4.0% + VAT

Land plot with a factory for the implementation of a project for the construction of commercial spaces and residential complex in the suburbs of Pforzheim.

Description

Due to the reconstruction of the factory located on the site and partial construction it is possible to realize a new residential building with office spaces which are currently in great demand in Pforzheim and its suburbs.

The project will be implemented at the expense of the buyer.

The estimated total area of the residential complex will be 12,650 m², office space — 6,130 m².

Negotiations with potential tenants are underway.

Tenants

Currently, the spaces in the factory building are leased.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

Brokerage fee is 4% + 19% VAT (in total 4.76%).

Location

The property is located close to the city, near the natural area and river. Good transport accessibility: proximity to the highway, railway station.

In total, about 650 thousand people live in Pforzheim/ Karlsruhe agglomeration.

The city is a bridge between Stuttgart and Karlsruhe. It's famous for the production of jewelry and watches.

Developed branches: processing of precious metals, engineering, information and educational services.

The city develops intensively and attracts not only lovers of jewelry, but also tourists.

Key enterprises: Aktivbank AG, Allgemeine Gold-und Silberscheideanstalt AG, Binder FBM, DODUCO, Heimerle + Meule, Karl Lupus, Klingel Versand, Mona Versand.

Also, many small and medium-sized businesses are located in the suburbs of Pforzheim.

Unemployment rate: 5.5% as of June 2018.

Purchasing power: 22,059 euros per person.

  • 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.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

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 investment land purchase with a construction loan

Investment vehicle
Investment land
Construction loan
Yield per annum
4%—5%
8—10%
Investment budget
4,200,000 €
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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