№ 1,919,834
Building redevelopment project in Nuremberg, Bavaria, Germany
20,000,000 €
1,666 € /m²
  • Total area 12,000 m²
  • Yield
  • Lease term
  • Constructed
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Anastasia Morozova
Anastasia Morozova
Investment consultant in Nuremberg
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    Key project parameters

    Total area
    12,000 m²
    Number of parking lots
    60

    Project description

    Building redevelopment project in Nuremberg.

    Description

    The building with a total area of over 12,000 m² is located on a land plot of over 2,500 m².

    The redevelopment of the building involves an increase in the total area up to 14,000 m². Possible purpose of the building: hotel/ boarding house/ apartment building for ~ 300 apartments/ etc.

    Equipment

    • Car parking for 60+ spaces

    Tenants

    Agreement
    n/a

    Transaction costs

    Notary (state registration) is 1.5 – 2%.

    Acquisition tax is 3.5%.

    Brokerage fee is 4% + VAT 19% (total 4.76%).

    Request an accurate calculation

    Location and nearby infrastructure

    The building is situated in the state of Bavaria, in the city center of Nuremberg. The population of Nuremberg is over 500,000 inhabitants.

    Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.

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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.

    Find out more
    • icon Property maintenance and insurance
    • icon Search for tenants, contracting, and control over rent collection
    • icon Arrangements for bookkeeping and tax advice

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    annual yield
    From 10%
    exit period
    3 years
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    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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      Commercial Real Estate Expert

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