Office building with a well-known tenant.
Description
The building has a total area of 5,600 m².
The annual income is 158,000 €.
The yield is 5%.
The property is fully let. The tenant is the largest international company for express delivery of goods and documents.
The lease agreement is valid until 2023.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
The property is located in the federal state of Saxony, in a city with a population of about 100,000 inhabitants. The central railway station is located in the immediate vicinity of the building. Distance to Leipzig — 85 km.
Saxony is a federal land in the FRG, located in the east of the country. The capital city is Dresden. The population of the region is more than 4 million people.
The most important branch of industry is automobile with a share of 27% of all sales. It is followed by the metallurgical sector with a share of 13%, machine construction with a share of 12%, as well as electrical engineering/ microelectronics with a share of 11.6% of Saxony's industrial turnover.
Saxony is known in the world for its higher education institutions with long traditions and high status: Leipzig University, Dresden Technical University, Freiberg Mining Academy.
Saxony attracts numerous tourists with the presence of many world-class culture monuments, delightful natural landscapes, and a well-developed tourist infrastructure.