Office building, Hessen, Germany

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Office building, Hessen, Germany

13,250,000 €
981 € /m²
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  • Total area
    13,500 m²
  • Yield
    7.1%
  • Rental rate (m²/month)
    8 €
  • Built in 
    1970
Details
Property parameters
  • Leasable area: 9,700 m²
  • Number of parking lots: 135
  • 12-floor building
Financial performance
  • Annual income: 950,000 €
Tenants
  • Occupancy: 74%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%

Twelve-storey office building.

Description

The building was built in 1970 and is constantly renovated.

There is parking for 135 cars in the territory of the office.

Equipment

  • fire protection
  • air conditioning system
  • system partitions walls

Financial performance

The absolute annual income is 950,000 €.

Current yield is 7.1%.

Tenants

An anchor tenant is a large network IT company, which occupies 30% of the building area.

The WALT is 4 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

Location and nearby infrastructure

The office building is located in the federal state of Hessen in the center of the town with a population of more than 20 thousand people.

There is the German Stock Exchange nearby.

There are also shops, a furniture network store and various car dealerships in the immediate vicinity.

More properties

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

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
7.1%
8—10%
Investment budget
13,250,000 €
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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