Mixed-use building with a supermarket, North Rhine-Westphalia, Germany

Additional information is provided after the signing of an NDA

Mixed-use building with a supermarket, North Rhine-Westphalia, Germany

7,100,000 €
1,690 € /m²
Mortgage calculator
Learn the property location
Send the listing to yourself
  • Total area
    4,200 m²
  • Yield
    6.0%
  • Built in 
    1994
Details
Property parameters
  • Land area: 3,484 m²
  • Number of parking lots: 92
Financial performance
  • Annual income: 422,690 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2013
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 3.0% + VAT

A mixed-use building with a supermarket.

Description

A 3-storey building with a street retail.

The property includes:

  • underground parking (30 places)
  • ground-based parking (12 places)
  • parking for clients (50 places)

Financial performance

The absolute annual income is 422,690 €.

The current yield is 6,0%.

Tenants

The tenants are 35 companies with long-term lease agreements (a bank, restaurants, a supermarket, doctors and physiotherapists, a notary, a lawyer, an audit firm).

WAULT: 2.9 years.

Transaction costs

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

Acquisition tax is 6,5%.

Brokerage fee is 3% + VAT 19% (total 3,57%).

Location and nearby infrastructure

The property is located in a town with the population over 55,000 people (North Rhine-Westphalia state).

There are public institutions, a pet store, a car repair shop, a theater, a park not far from the building.

The distance to Bonn is about 31 km, to Cologne — about 41 km.

Cologne is one of the largest economic and cultural centers of the country with the population more than 1,000,000 people.

The leading positions in Cologne are taken by:

- engineering and automotive industry (centers and branches of Ford, Toyota, Grundig, Siemence AG) — chemical industry (pharmaceutical concern Bayer)

- food industry (the main branch of one of the largest firms for the production of confectionery Stolwerk, brewery)

- oil refining industry (in industrial areas in the south)

- textile industry and construction materials production

Such influential organizations as the International Chamber of Commerce, the Union of German Industry, the Chamber of Commerce, the Union of Employers, the Chamber of Crafts and the Union of German Banks have chosen Cologne as their home.

There is the largest university of Germany in Cologne, the annual number of students in which exceeds 44,000.

More properties

If this ad doesn't suit you, have a look at the other shopping centers for sale in Cologne.

All ads in the country: shopping centers for sale in Germany.

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 mixed-use building purchase with a construction loan

Investment vehicle
Mixed-use building
Construction loan
Yield per annum
6.0%
8—10%
Investment budget
7,100,000 €
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
Request the relevant projects
Similar listings

We select ads that may interest you.

Not sure what to start with? Send an advice request
Our expert will contact you to help with selecting real estate.
Ask a question
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
    Marina Filichkina,
    Head of Sales
    flag icon
    Limassol, Cyprus
    Tranio Cyprus LTD, 38 Karaiskaki Kanika Alexander Center, Block 1, 1st Floor office 113b, 3032 Limassol Cyprus
    flag icon
    Barcelona, Spain
    Tranio LLC, Carrer d'Aragó, 366, 08009 Barcelona
    flag icon
    Athens, Greece
    Tranio LLC, Vissarionos, 4, 10672 Athens
    flag icon
    Torrevieja, Spain
    Tranio LLC, Calle del Palangre, 14, 03182 Torrevieja
    flag icon
    Dubai, UAE
    Tranio Global Real Estate, Wafi Residence, Oud Metha Rd - Umm Hurair 2 - Dubai - United Arab Emirates
    flag icon
    Berlin, Germany
    Tranio Germany GmbH, Schlüterstraße 38, 10629 Berlin
    Send a request