Industrial building with office spaces and long-term lease agreement in Pforzheim.
Description
The building occupies three floors and includes offices, utility rooms, production line and storage rooms with a total area of 4,500 m².
The building has an elevator with capacity of 3 tons.
There is a parking area of 780 m² in front of the building. Behind the building there is a parking area of 830 m². Also there are three double garages of 36 m² each on the territory of the property.
The property is maintained in very good condition.
Type: Share Deal.
The absolute annual income is 288,000 €.
The yield is 7.8%.
The anchor tenant is a German engineering company.
The lease agreement will be valid for 10 years with options to extend.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
Brokerage fee is 4% + 19% VAT (in total 4.76%).
The property is located in Pforzheim, Baden-Württemberg. The population of the city is more than 120 thousand people.
The property is located in the industrial park, near the motorway.
In total, about 650 thousand people live in Pforzheim/ Karlsruhe agglomeration.
The city is a bridge between Stuttgart and Karlsruhe. It's famous for the production of jewelry and watches.
Developed branches: processing of precious metals, engineering, information and educational services.
The city develops intensively and attracts not only lovers of jewelry, but also tourists.
Key enterprises: Aktivbank AG, Allgemeine Gold-und Silberscheideanstalt AG, Binder FBM, DODUCO, Heimerle + Meule, Karl Lupus, Klingel Versand, Mona Versand.
Also, many small and medium-sized businesses are located in the suburbs of Pforzheim.
Unemployment rate: 5.5% as of June 2018.
Purchasing power: 22,059 euros per person.
