Office and commercial complex, Nuremberg, Germany

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Office and commercial complex, Nuremberg, Germany

64,785,000 €
4,006 € /m²
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  • Total area
    16,169 m²
  • Yield
    4.8%
Details
Property parameters
  • Land area: 11,917 m²
  • Number of parking lots: 432
Financial performance
  • Annual income: 3,133,815 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0% + VAT

An office and commercial complex in a business park in Nuremberg.

Description

The total area of the business park is 120,000 m².

The complex includes:

  • office building (5,332 m²)
  • hotel (173 rooms)
  • boarding house (130 rooms)
  • underground parking (432 places)

Financial performance

The absolute annual income is 3,133,815€.

The current yield is 4,8%.

Tenants

The anchor tenant is a company with 2500 employees.

The lease agreement of the office building is valid for 10 years.

The extension of the existing hotel and pension lease agreements is currently in the process of negotiation.

Transaction costs

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

Acquisition tax is 3,5%.

Brokerage fee is 6% + VAT 19% (total 7,14%).

Location and nearby infrastructure

The business park is located in Nuremberg, in the TV tower and a well-known entertainment complex area. The Schweinau district can be reached by car in 1 minute, and the subway in 3 minutes.

Nuremberg is the largest economic and cultural center of Franconia and its unofficial capital. Together with the cities of Fürth, Schwabach and Erlangen, Nuremberg forms a million agglomeration and it is one of the most dynamically developing regions of high technology in Europe. There are about 168,000 companies in Nuremberg, including Siemens AG and others.

GDP is 27 billion euros.

Nuremberg International Airport transports 3.3 million people annually and it is the 2nd busiest airport in Bavaria and the 10th one in Germany.

The river port of Nuremberg has the most modern and largest logistics center in the south of Germany (337 hectares) with an annual cargo turnover of about 15 million tons.

There is a large International Exhibition Center (170,000 m²) in Nuremberg, where about 120 national and international exhibitions and congresses are held annually.

There are 30 universities in and around Nuremberg with more than 150,000 students. The largest one is the University of Erlangen-Nuremberg, which annually trains about 40,000 people.

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

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