An office building under construction with a large corporate tenant.
Description
The building is provided with a construction guarantee for 5 years.
The absolute annual income is 159,600 €.
The current yield of 6%.
The tenant is one of the largest architectural companies in Europe with turnover about 1 billion euros. The company has more than 800 employees and is engaged in the development of residential real estate projects, retail trade, industrial construction, logistics, offices, hospitals, etc.
A new lease agreement will be signed for 10 years + renewal options.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5,0%.
Brokerage fee is 5% + VAT 19% (total 5,95%).
The management and maintenance costs are 9,494 € per year (VAT included).
The property is located in the north-west of Germany, in the city of Bremerhaven.
The region specializes in fishing and fish processing for the whole of Europe.
The distance to Bremen is 60 km.
