Business centre 1,616 m² in Frankfurt

Mixed-use building in the suburbs of Frankfurt.

Description

Two-storey building with a total area of 1,616 m².

The property is fully let. Tenants:

• orthopedic salon
• music shop
• government agency
• office spaces

The current annual income is 70,000 €.

The current yield is 3.4%.

It is possible to convert the building into a hotel + 2 apartments, which will significantly increase rental income.

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

Brokerage fee is 5% + VAT 19% (total 5.95%).

The property is located in the suburbs of Frankfurt am Main, in a city of about 50,000 inhabitants. The area has excellent transport links: a public transport stop is a 2-minute walk, the train station and the autobahn can be reached in 3–5 minutes, and the airport in 20 minutes. Frankfurt city center is 20 km away.

Frankfurt am Main is the largest city in the land of Hessen and the 5th largest city in Germany. Its population is more than 730,000 people. Frankfurt is the center of commerce, culture, education, tourism and a transport hub. Frankfurt is the 2nd city in Germany and the 48th in the world in terms of the cost of living (Mercer Human Resource Consulting).

There are about 43,000 companies in Frankfurt. The city is the site of many global and European corporations: Nestlé Deutschland, LinkedIn, Kern AG, Lufthansa Consulting. Messe Frankfurt — the 3rd largest international exhibition center in the world, has more than 800-year history. Annually Messe Frankfurt holds more than 100 exhibitions around the world.

Frankfurt International Airport is among the 10 largest in the world, its passenger traffic is more than 54 million people a year.

There are the world's largest educational institutions in Frankfurt, including the world-famous Goethe University with more than 44,000 students.