Commercial center, Lower Saxony, Germany

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Commercial center, Lower Saxony, Germany

21,500,000 €
880 € /m²
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  • Total area
    24,425 m²
  • Yield
    6.3%
  • Built in 
    1987
Details
Property parameters
  • Land area: 7,383 m²
  • 8-floor building
Financial performance
  • Annual income: 1,344,468 €
Tenants
  • Occupancy: 76%
Property status
  • Most recent total renovation: 2012
Transaction costs
  • Notary (state registration): 2.0%
  • Broker: 4.0% + VAT

An eight-storey building with commercial and residential units.

Description

Total area of the building is 24,425 m²

Area of retail premises is 6,063 m²

Area of offices is 6,735 m²

Area of residential premises is 3,632 m²

Area of storage premises is 1,881 m²

Other premises — 253 m²

Vacant area — 5,861 m²

The commercial center was built in 1987. In 2008–2012, the property was modernized.

The purchase price of the property includes a large car parking.

Financial performance

Absolute annual income is 1,344,468 €.

The current yield of 6.3%.

Financial performance with fully leased out area:

Absolute annual income is 1,893,000 €.

The current yield of 8.8%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

The broker's fee of 4%.

Location and nearby infrastructure

The commercial center is located in the central part of the city with the population of more than 100 thousand people, in the state of Lower Saxony. There are public transport stops and an entrance to the motorway situated in proximity from the property.

More properties

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

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
6.3%
8—10%
Investment budget
21,500,000 €
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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