- 27,285,000 €
- 4.7% yield
- Thuringen Mixed-use building 1,480,000 €
- Basic parameters
- Photo
№ 1,870,021
Business centre in Thuringen
1,480,000 €
- Total area —
- Yield 4.0%
- Lease term —
- Constructed —
Key project parameters
- Leasable area
- 2,271 m²
- Number of parking lots
- 50
Project description
Commercial building on a busy street in Sonneberg
Description
The building with a total leasable area of 2,271 m².
The price includes parking for 50 cars.
Tenants
- Agreement
- n/a
40% of the building is leased.
Tenants: hairdresser, dentist, charity, restaurant, pharmacy, medical offices.
Currently, 1,376 m² of space are vacant and need renovation.
Financial performance
- Yield
- 4.0%
The annual gross income is 81,300 €.
The gross yield is 5.5%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.5%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
Location and nearby infrastructure
The building is located on a busy street in Sonneberg. There are both residential and commercial buildings nearby. There are schools, an ATM, a car repair shop, a kindergarten, two hotels in a walking distance from the property. There is a REWE supermarket and a bakery in the building next door. The Sonneberg (Thür) train station and a bus stop are 850 meters away (10 minutes on foot, 5 minutes by car).
Sonneberg is part of the state of Thuringia. It is located 25 km to rhe north of Kronach/ Coburg, 60 km to the northwest of Bayreuth, 70 km to the west of Hof and 50 km to the south of Saalfeld. The population of Sonneberg at the end of 2018 was 24 thousand people (+ 6.6% for
8 years). Unemployment rate at the end of 2019: 3.9%, slightly higher than the German average (the lowest in the European Union, 3.1% in July 2019).
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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.
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Property maintenance and insurance
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Search for tenants, contracting, and control over rent collection
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Arrangements for bookkeeping and tax advice
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
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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