Office with a reliable tenant, Hesse, Germany

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Office with a reliable tenant, Hesse, Germany

772,000 €
772 € /m²
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  • Total area
    1,000 m²
  • Yield
    5.0%
  • Built in 
    1985
Details
Financial performance
  • Annual income: 39,000 €
Tenants
  • Fully let
  • End of lease: 2023
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 5.0% + VAT

Office space with a well-known tenant.

Description

Commercial space with a total area of 1,000 m².

Financial performance

The annual income is 39,000 €.

The yield is 5%.

Tenants

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.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

Brokerage fee is 5% + VAT 19% (total 5.95%).

Location and nearby infrastructure

The property is located in the federal state of Hesse, in the center of a city with a population of over 200,000 inhabitants.

Hesse is a state in the west-central part of Germany. Hesse is bounded by the states of Lower Saxony to the north, Thuringia to the east, Bavaria to the southeast, Baden-Württemberg to the south, Rhineland-Palatinate to the west, and North Rhine–Westphalia to the northwest. Its capital is Wiesbaden.

More properties

If this ad doesn't suit you, have a look at the other offices for sale in Hessen.

All ads in the country: offices 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 purchase with a construction loan

Investment vehicle
Office
Construction loan
Yield per annum
5.0%
8—10%
Investment budget
772,000 €
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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