Commercial center in Hannover, Germany

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Commercial center in Hannover, Germany

10,900,000 €
1,258 € /m²
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  • Total area
    8,663 m²
  • Yield
    6.8%
  • Built in 
    2000
Details
Property parameters
  • Land area: 4,017 m²
  • Number of parking lots: 212
Financial performance
  • Annual income: 737,925 €
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 5.0%
  • Broker: 4.0% + VAT

A detached building with retail premises.

Description

Total area of the property is 8,663 m²

The shopping center consists of 4 shops.

The building was built in 2000.

The purchase price of the property includes a parkign for 212 cars.

Financial performance

Absolute annual income is 737,925 €.

The current yield of 6.8%.

Tenants

The anchor tenant is a large appliance shop chain.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

The broker's fee of 4%.

Location and nearby infrastructure

The shopping center is located in Hannover. Public transport stops are situated within walking distance from the property.

More properties

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

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.

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  • 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
6.8%
8—10%
Investment budget
10,900,000 €
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
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