Office building in Cologne.
Description
A five-story office building with a total area of 7,841 m².
Parking for 115 cars.
The current annual income with occupancy rate of 68.5% is 505,453 €.
The current yield is 4.4%.
The expected annual income is 654,483 €.
The expected yield is 5.7%.
Occupancy rate: 68.5%.
WAULT: 4.5 years.
Notary (state registration) is 1.5–2%.
Acquisition tax is 6.5%.
Brokerage fee is 3% + VAT 19% (total 3.57%).
The office complex is located in Cologne, 8 km from the historic city center.
Cologne is the largest city of Germany's most populous federal state of North Rhine-Westphalia and the fourth-most populous city in Germany. The population of the city is more than 1 million people.
North Rhine-Westphalia is the land of the Federal Republic of Germany with a population of 17.5 million people (the most populated of the German lands). It ranks 4th in Germany in terms of area.
22% of Germany’s GDP comes from NRW. The main industry in NRW is engineering and equipment manufacturing, biotechnology, chemical industry, and etc.
North Rhine-Westphalia is the center of trade in Germany, because it houses the headquarters of several leading German trading concerns with the largest turnover, for example, Deutsche Telekom AG, ALDI NORD, Die Deutsche Post, Bayer, Lufthansa Group, REWE. DE.
