Modern office building, Hessen, Germany

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Modern office building, Hessen, Germany

22,500,000 €
2,592 € /m²
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  • Total area
    8,680 m²
  • Yield
    5.6%
  • Built in 
    2003
Details
Property parameters
  • Land area: 4,155 m²
  • Number of parking lots: 182
  • 7-floor building
Financial performance
  • Annual income: 1,250,000 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 5.0% + VAT

Modern office building near Frankfurt.

Description

Seven-story office building with the parking for 182 cars, 137 parking places are in the underground garage.

The area of offices is 8,680 m².

Area of the premises for the employees — 214 m².

The object was constructed in 2002–2003.

Transaction type Share Deal is posssible.

Financial performance

Absolute annual income is 1,250,000 €.

The current yield of 5,6%.

Tenants

There are seven tenants among which there are large well-known companies.

The WALT is 5,2 years.

For one of the tenants the contract provides rent vacation within six months after the date of transmission of the area of rent (till August, 2018).

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 6,0%.

Brokerage fee is 5% + VAT 19% (total 5,95%).

Location and nearby infrastructure

The property is located in the business park of 50 hectares in the town which belongs to the district of Frankfurt.

Highways and lines of the city electric train provide direct link with the downtown. The project of possible extension of the line of the subway to this area is considered.

The distanceto the centerof Frankfurt is7 km, to the Frankfurt-am-Main international airport is 15 km.

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.

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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
5.6%
8—10%
Investment budget
22,500,000 €
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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