Fitness club with a tenant, Saxony, Germany

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Fitness club with a tenant, Saxony, Germany

536,000 €
198 € /m²
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  • Total area
    2,700 m²
  • Yield
    7.2%
  • Rental rate (m²/month)
    2 €
Details
Property parameters
  • Leasable area: 1,900 m²
Financial performance
  • Annual income: 39,000 €
Tenants
  • Occupancy: 70%
  • End of lease: 2027
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0% + VAT

Description

The commercial premises with an area of 1,900 m².

Financial performance

The annual net income is 39,000 €.

The net yield is 7.2%.

Tenants

The property is fully let. The tenant is a fitness club.

The tenancy agreement has been concluded till the end of 2027.

There vacant spaces.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

Brokerage fee is 6% + VAT 19% (total 7.14%).

Location and nearby infrastructure

The property is located in the federal state of Saxony, in a town with a population of about 15,000 people.

Saxony is a federal land in the FRG, located in the east of the country. The capital city is Dresden. The population of the region is more than 4 million people.

The most important branch of industry is automobile with a share of 27% of all sales. It is followed by the metallurgical sector with a share of 13%, machine construction with a share of 12%, as well as electrical engineering/ microelectronics with a share of 11.6% of Saxony's industrial turnover.

Saxony is known in the world for its higher education institutions with long traditions and high status: Leipzig University, Dresden Technical University, Freiberg Mining Academy.

Saxony attracts numerous tourists with the presence of many world-class culture monuments, delightful natural landscapes, and a well-developed tourist infrastructure.

More properties

If this ad doesn't suit you, have a look at the other shopping centers for sale in 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 Arrangements for bookkeeping and tax advice
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