- 27,285,000 €
- 4.7% yield
- Leipzig Office building 3,900,000 €
- Basic parameters
- Photo
№ 1,863,054
Office building 3,900 m² in Leipzig
3,900,000 €
1,000 € /m²
- Total area 3,900 m²
- Yield 4.0%
- Cost in euros per m2 1,000 €
- Constructed 1995
Key project parameters
- Total area
- 3,900 m²
- Floors
- 6
- Constructed
- 1995
Project description
Commercial building without tenants in the B-C location.
Description
The total area of the building is about 3,900 m².
Purpose: non-residential, former offices.
The property was built in 1995 and was used as an office building with 200 workplaces. In the past 4 years, the building has been used as a hostel for refugees.
The property can be converted to student apartments or apartments for short-term rentals.
Cosmetic repairs, partial replacement of windows are required.
There is a vacant area for the construction of parking.
Tenants
- Agreement
- n/a
Financial performance
- Yield
- 4.0%
Location and nearby infrastructure
The property is located in the commercial district of Leipzig with very good transport accessibility. The property is located directly next to the traffic intersection, the distance to the city center is about 5 km, to the new exhibition center – 2 km. The S-Bahn station is in 150 meters from the property, a supermarket is 200 meters away.
Leipzig is the fastest growing city in the region of Central Germany with a population of more than 560 thousand people.
There is a trade fair in the city well-known not only in Germany but in all the world.
Leipzig occupies an important position in the development of the business industry, thus being one of the top priorities in the real estate investment market.
There are offices of such corporations as Amazon, BMW, Porsche and DHL.
Economic development, modern infrastructure, tourism potential and socio-demographic growth make a significant contribution to the creation of an investment portrait of the city.
Leipzig also has good transport links, there are exits to A9, A14 and A38 motorways and federal highways. In addition, there is Galle International Airport and the central station of Leipzig located in the center of the city.
- Purchasing power index is 86.85
- Centrality is 1.1
- The turnover rate is 96.40
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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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Property maintenance and insurance
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Search for tenants, contracting, and control over rent collection
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Arrangements for bookkeeping and tax advice
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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