Building redevelopment project in Nuremberg, Bavaria, Germany

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Building redevelopment project in Nuremberg, Bavaria, Germany

20,000,000 €
1,666 € /m²
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  • Total area
    12,000 m²
Details
Property parameters
  • Land area: 2,500 m²
  • Number of parking lots: 60
Tenants
  • No tenants
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.0% + VAT

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

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

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

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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