Commercial center, Rhineland-Palatinate, Germany

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Commercial center, Rhineland-Palatinate, Germany

6,700,000 €
1,735 € /m²
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  • Total area
    3,861 m²
  • Yield
    6.0%
  • Built in 
    1975
Details
Property parameters
  • Land area: 1,100 m²
Financial performance
  • Annual income: 400,584 €
Tenants
  • Fully let
  • End of lease: 2028
Property status
  • Most recent total renovation: 2017
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 3.0% + VAT
Features
  • Street retail

A building with commercial and office units.

Description

The total area of the property is 3,861 m².

The total land area is 1,100 m².

The building consists of retail units and offices.

The retail units have recently been renovated (2016–2017).

There is an agreement for the reconstruction the floor with an office space.

Deal structure:

Asset Deal.

Financial performance

The annual net income is 400,584 €.

The current yield of 6%.

Tenants

An anchor tenant is a chain restaurant.

The lease agreement is valid for 10 years.

The other tenants are clothing and footwear shops.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is — 5%.

Brokerage fee is — 3.57%.

Location and nearby infrastructure

The object is located in the state of Rhineland-Palatinate, in a city with a population of about 80 thousand people.

Rhineland-Palatinate is a land in the southwestern part of Germany, bordering Belgium, France and Luxembourg. The capital is the city of Mainz.

Rhineland-Palatinate is one of the most developed federal states in Germany. The headquarters of leading German publishing offices, the largest division of BASF and other industrial giants, are based here.

More properties

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

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.

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
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
6.0%
8—10%
Investment budget
6,700,000 €
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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