Multifunctional center, Saarland, Germany

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Multifunctional center, Saarland, Germany

22,300,000 €
1,311 € /m²
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  • Total area
    17,000 m²
  • Yield
    6.5%
Details
Property parameters
  • Land area: 13,831 m²
  • Number of parking lots: 380
  • 5-floor building
Financial performance
  • Annual income: 1,450,000 €
Transaction costs
  • Notary (state registration): 1.5%
  • Broker: 4.0% + VAT

Multifunctional center with reliable tenants.

Description

The property consists of two buildings and includes commercial and office premises.

The buildings were built in 1985 and 1993 and are in a good condition.

There is a parking for 380 cars in the territory of the multifunctional center.

Deal type: Share Deal

Financial performance

Absolute annual income is 1,450,000 €

The current yield of 6,5%.

Tenants

The object was leased to 21 reliable tenants.

The anchor tenant is a state structure that covers an area of 2,023 м².

Lease agreement is concluded until 31.12.2021 and contains options for extension: 2х5 years.

Transaction costs

Notary fee of 1.5% — 2%.

The brokerage fee is 4% + 19% VAT (in total 4,76%).

Location and nearby infrastructure

The property is located in the federal state of Saar, in a town with a population of more than 30 thousand people. The distance to Saarbrücken is 28 km.

The building is close to public transport, motorways and federal highways.

More properties

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

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
6.5%
8—10%
Investment budget
22,300,000 €
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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