An office building in Dresden.
Description
The building includes:
- 14 rental units
- parking
The absolute annual income is 338,040 €.
The current yield is 6,0%.
The building is fully leased.
The anchor tenants are:
- German company providing advanced training and retraining services (more than 200 branches in Germany)
- large security service company
- clinic (osteopath)
- veterinary clinic
WALT: 4.2 years.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 3,5%.
Brokerage fee is 5,0% + VAT 19% (total 5,95%).
The office building is located near the Technical University of Dresden.
Dresden is the capital of the federal state of Saxony. The population of the city is about 550 thousand people.
Dresden is one of the leaders in Germany in terms of economic growth.
The economy of Dresden is based on the work of the port and the production of high-tech goods (specialized optical and medical equipment for trade, computers, machinery and tools).
The largest enterprises: the concerns GlobalFoundries and Infineon (manufacturing the most modern processors), Volkswagen (individual assembly of especially expensive cars in the presence of the customer).
There is also an aircraft manufacturing company in Dresden — the Dresden Aircraft Plant, which is the concern of the Airbus concern.
Between 2000 and 2010 the population increased by more than 45,000 people (about 9.5%) due to the stabilization and reorganization of the economy.
The purchasing power index is 95.73.
The unemployment rate currently does not exceed 4%.
Dresden is a major railway junction (the railway lines of 5 directions).
There is an airport in Dresden that is conveniently connected to the city by a suburban railway (20 minutes drive to the central station).
With other cities in Germany and the Czech Republic, Dresden is connected by bus.
Dresden is one of the most visited cities in Germany (more than 8 million tourists a year).
