Office building in the state of North Rhine-Westfalia, Germany

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Office building in the state of North Rhine-Westfalia, Germany

25,057,000 €
2,018 € /m²
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  • Total area
    12,416 m²
  • Yield
    6.0%
  • Built in 
    2005
Details
Property parameters
  • Number of parking lots: 376
  • 5-floor building
Financial performance
  • Annual income: 1,503,432 €
Tenants
  • Fully let
  • End of lease: 2022
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 4.0% + VAT

A five-storey building with office premises.

Description

Total area of the building is 12,416 m²

The building was built in 2005 and now it is in a good condition.

The purchase price of the property includes a parking for 376 cars.

The office building is leased out to a single tenant.

Financial performance

Absolute annual income is 1,503,432 €.

The current yield of 6%.

Tenants

The tenant is a large chemical company.

The lease agreement is valid through 2022 and includes extension options for 2x5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

The broker's fee of 4%.

Location and nearby infrastructure

The office building is located in the city with the population of more than 40 thousand people, in the state of North Rhine-Westfalia. There are public transport stops and an entrance to a motorway situated in proximity from the property. The distance to the nearest airport is about 25 kilometres.

More properties

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

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
6.0%
8—10%
Investment budget
25,057,000 €
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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