A three-storey building with commercial and residential premises.
Description
The total area of the building is 4,279 m²
The center consists of 17 commercial premises.
The building was built in 1970. In 1993, it was renovated.
At the moment, 2 commercial premises are leased out.
Financial performance
Absolute annual income is 471,027 euro.
The current yield is 6.7%.
Financial performance when all premises are leased out:
Absolute annual income is 524,547 euro.
The current yield is 7.5%.
Tenants
The anchor tenant is a government institution.
The lease agreement is valid until 2020.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
The broker's fee of 6%.
Location
The commercial center is located in the largest city of the state of Hessen — Frankfurt am Main.
