- 27,285,000 €
- 4.7% yield
- Cologne Mixed-use building 7,100,000 €
- Basic parameters
- Photo
№ 1,798,823
Business centre 4,200 m² in Cologne
7,100,000 €
1,690 € /m²
- Total area 4,200 m²
- Yield 4.0%
- Lease term —
- Constructed 1994
Key project parameters
- Total area
- 4,200 m²
- Number of parking lots
- 92
- Constructed
- 1994
Project description
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)
Tenants
- Agreement
- n/a
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.
Financial performance
- Yield
- 4.0%
The absolute annual income is 422,690 €.
The current yield is 6,0%.
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.
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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.
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Property maintenance and insurance
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Search for tenants, contracting, and control over rent collection
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Arrangements for bookkeeping and tax advice
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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