A seven-storey office building in Wuppertal.
In addition to offices the building has one residential area of 215 m².
Description
The building was built in 1971, a complete renovation was carried out in 2001 including the repair of the facade and replacement of windows.
The building is in a well-kept condition.
Absolute annual income is 304,908 €.
The current yield is 6,6%.
All spaces are leased.
The anchor tenant is the Wuppertal administration. They plan to fully rent the building (a contract for vacant spaces is being developed).
A permanent lease agreement is concluded.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6,5%.
Brokerage fee is 4% + VAT 19% (total 4,76%).
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 property is located in a large area of the city with all the necessary infrastructure.
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.
