- 27,285,000 €
- 4.7% yield
- Hessen Mixed-use building 1,900,000 €
- Basic parameters
- Photo
№ 1,894,544
Business centre 886 m² in Hessen
1,900,000 €
2,144 € /m²
- Total area 886 m²
- Yield 4.0%
- Lease term —
- Constructed —
Key project parameters
- Total area
- 886 m²
- Floors
- 3
Project description
The building with residential and commercial units in the suburbs of Frankfurt.
Description
Three-storey building with a total area of 886 m²:
- commercial premises with a total area of 706 m²
- 2 apartments with a total area of 180 m²
In 2018, the roof of the building was completely renovated. The building is in excellent condition.
Tenants
- Agreement
- n/a
The building is fully let. There are 19 tenants:
- pizzeria
- 2 apartments
- 16 office premises
Financial performance
- Yield
- 4.0%
The annual income is 95,000 €.
The yield is 5%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 5% + VAT 19% (total 5.95%).
Location and nearby infrastructure
The property is located in the suburbs of Frankfurt am Main, in a town of about 30,000 inhabitants. Distance to Frankfurt — 5 km, to the center of Frankfurt — about 10 km.
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.
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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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