Office building, Wuppertal, Germany

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Office building, Wuppertal, Germany

22,000,000 €
3,123 € /m²
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  • Total area
    7,043 m²
  • Yield
    4.6%
  • Built in 
    1907
Details
Property parameters
  • Land area: 4,700 m²
Financial performance
  • Annual income: 1,011,381 €
Tenants
  • Fully let
Loan
  • Loan size: 50% of the value of the property
  • Rate: 1.9%
  • Loan term: 20 years
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 6.0% + VAT

An office building in Wuppertal.

Description

5-storey business building.

The property includes:

  • open space offices
  • rooms for presentations and events
  • dining room
  • recreation areas

Financial performance

The absolute annual income is 1,011,381 €.

The current yield of 4,6%.

Loan

Bank financing at 1.9% per annum for a period of 10–20 years is possible.

Tenants

The building is fully rented.

Transaction costs

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

Acquisition tax is 6,5%.

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

Location and nearby infrastructure

The office building is located in the city of Wuppertal (Düsseldorf administrative district). The population of the city is more than 350,000 people.

The city hosts the European Institute of International Economic Relations (in University of Wuppertal).

One of the main types of public transport in the city is a monorail suspension system on trestles, performing the function of the underground. Also there is a bus service, a railway station for suburban and long-distance trains in Wuppertal.

The city is a production site of the company Wera Tools — a well-known European manufacturer of professional tools.

The list of attractions and cultural values of the city includes the Wuppertal dance theater, a botanical garden, a town hall, a museum of trams.

More properties

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

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
4.6%
8—10%
Investment budget
22,000,000 €
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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