Office building, Nuremberg, Germany

Additional information is provided after the signing of an NDA

Office building, Nuremberg, Germany

11,800,000 €
1,383 € /m²
Mortgage calculator
Learn the property location
Send the listing to yourself
  • Total area
    8,530 m²
  • Yield
    5.8%
  • Built in 
    1986
Details
Property parameters
  • Land area: 5,506 m²
  • Number of parking lots: 78
Financial performance
  • Annual income: 686,440 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 1992
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.0% + VAT

Office building with an international corporate tenant in Nuremberg.

Description

The building was built in 1986 and renovated in 1992.

There is a parking for 78 cars in the territory of the property.

Financial performance

Absolute annual income is 686,440 €.

The current yield of 5.8%.

Financial performance after the indexation of the rent from 01.01.2019:

Projected annual income is 709,631 €.

Projected yield of 6,0%.

Tenants

The tenant is a large technical information services provider. The annual turnover of the company is more than 900 million euros, and the number of employees is more than 7,000 people.

The company have rented the property for 25 years and renews the lease agreement every 5 years.

The current lease agreement is valid until 31.12.2022 and provides the indexation of the rent from 01.01.2009.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

Brokerage fee is 4% + 19% VAT (in total 4.76%).

Location and nearby infrastructure

The property is located in the largest economic and cultural center of Franconia, in the North of the Central part of Bavaria, in Nuremberg.

Nuremberg covers an area of 10,000 m², contributing to the gross national product in the amount of 50 billion euros and belongs to the economically strongest regions of Germany.

The distance to the major cities:

  • Ingolstadt is in 90 km
  • Regensburg is in 107 km
  • Würzburg is in 110 km
  • Munich is in 170 km
  • Stuttgart is in 200 km
  • Frankfurt am Main is in 225 km

The building is located in the Höfen district, close to shops, restaurants and bus stops. Nuremberg city center can be reached in a 20-minute drive.

More properties

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

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
5.8%
8—10%
Investment budget
11,800,000 €
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
Request the relevant projects
Similar listings

We select ads that may interest you.

Not sure what to start with? Send an advice request
Our expert will contact you to help with selecting real estate.
Ask a question
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
    Marina Filichkina,
    Head of Sales
    flag icon
    Limassol, Cyprus
    Tranio Cyprus LTD, 38 Karaiskaki Kanika Alexander Center, Block 1, 1st Floor office 113b, 3032 Limassol Cyprus
    flag icon
    Barcelona, Spain
    Tranio LLC, Carrer d'Aragó, 366, 08009 Barcelona
    flag icon
    Athens, Greece
    Tranio LLC, Vissarionos, 4, 10672 Athens
    flag icon
    Torrevieja, Spain
    Tranio LLC, Calle del Palangre, 14, 03182 Torrevieja
    flag icon
    Dubai, UAE
    Tranio Global Real Estate, Wafi Residence, Oud Metha Rd - Umm Hurair 2 - Dubai - United Arab Emirates
    flag icon
    Berlin, Germany
    Tranio Germany GmbH, Schlüterstraße 38, 10629 Berlin
    Send a request