Office building in Cologne, North Rhine-Westphalia, Germany

Additional information is provided after the signing of an NDA

Office building in Cologne, North Rhine-Westphalia, Germany

11,500,000 €
Mortgage calculator
Learn the property location
Send the listing to yourself
  • Yield
    4.4%
  • Rental rate (m²/month)
    5 €
  • Built in 
    1990
Details
Property parameters
  • Leasable area: 7,841 m²
  • Land area: 7,150 m²
  • Number of parking lots: 115
  • 5-floor building
Financial performance
  • Annual income: 505,453 €
Tenants
  • Occupancy: 68%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 3.0% + VAT

Office building in Cologne.

Description

A five-story office building with a total area of 7,841 m².

Parking for 115 cars.

Financial performance

The current annual income with occupancy rate of 68.5% is 505,453 €.

The current yield is 4.4%.

The expected annual income is 654,483 €.

The expected yield is 5.7%.

Tenants

Occupancy rate: 68.5%.

WAULT: 4.5 years.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.5%.

Brokerage fee is 3% + VAT 19% (total 3.57%).

Location and nearby infrastructure

The office complex is located in Cologne, 8 km from the historic city center.

Cologne is the largest city of Germany's most populous federal state of North Rhine-Westphalia and the fourth-most populous city in Germany. The population of the city is more than 1 million people.

North Rhine-Westphalia is the land of the Federal Republic of Germany with a population of 17.5 million people (the most populated of the German lands). It ranks 4th in Germany in terms of area.

22% of Germany’s GDP comes from NRW. The main industry in NRW is engineering and equipment manufacturing, biotechnology, chemical industry, and etc.

North Rhine-Westphalia is the center of trade in Germany, because it houses the headquarters of several leading German trading concerns with the largest turnover, for example, Deutsche Telekom AG, ALDI NORD, Die Deutsche Post, Bayer, Lufthansa Group, REWE. DE.

More properties

If this ad doesn't suit you, have a look at the other office buildings for sale in Cologne.

All ads in the country: office buildings 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.

Find out more
  • 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 office building purchase with a construction loan

Investment vehicle
Office building
Construction loan
Yield per annum
4.4%
8—10%
Investment budget
11,500,000 €
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
Request the relevant projects
Similar listings

We select ads that may interest you.

Not sure what to start with? Send an advice request
Our expert will contact you to help with selecting real estate.
Ask a question
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
    Marina Filichkina,
    Head of Sales
    flag icon
    Limassol, Cyprus
    Tranio Cyprus LTD, 38 Karaiskaki Kanika Alexander Center, Block 1, 1st Floor office 113b, 3032 Limassol Cyprus
    flag icon
    Barcelona, Spain
    Tranio LLC, Carrer d'Aragó, 366, 08009 Barcelona
    flag icon
    Athens, Greece
    Tranio LLC, Vissarionos, 4, 10672 Athens
    flag icon
    Torrevieja, Spain
    Tranio LLC, Calle del Palangre, 14, 03182 Torrevieja
    flag icon
    Dubai, UAE
    Tranio Global Real Estate, Wafi Residence, Oud Metha Rd - Umm Hurair 2 - Dubai - United Arab Emirates
    flag icon
    Berlin, Germany
    Tranio Germany GmbH, Schlüterstraße 38, 10629 Berlin
    Send a request