Office building in the central district of Dusseldorf, Germany

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Office building in the central district of Dusseldorf, Germany

27,500,000 €
8,780 € /m²
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  • Total area
    3,132 m²
  • Yield
    3.3%
Details
Property parameters
  • Number of parking lots: 38
Financial performance
  • Annual income: 919,000 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 4.0% + VAT

Commercial units in the renovated building.

Description

Total area of the property is 3,132 m²

Building comprised of:

  • office units (1,827 sqm);
  • restaurant (1,142 sqm);
  • storage premises (163 sqm).

The purchase price includes underground parking for 38 cars.

The original architectural solutions were used in design of the projected building, finishings are made of expensive materials, office units provided with heated floors, floor-to-ceiling windows, elevator.

The lease agreement stipulates the rental payment indexation.

Financial performance

Absolute annual income is 919,000 €.

The current yield of 3.3%.

Transaction costs

Notary fee of 1.5%.

RE purchase tax of 6.5%.

The broker's fee of 4%.

Location and nearby infrastructure

Office building situated in the centre of hostoric part of the city. Park Hofgarten, museums, galleries, schools and City Hall. There are public transport stops and Metro station within walking distance.

More properties

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

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.

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  • 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
3.3%
8—10%
Investment budget
27,500,000 €
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
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