- 27,285,000 €
- 4.7% yield
- North Rhine-Westphalia Office 12,000,000 €
- Basic parameters
- Photo
№ 1,808,152
Office in North Rhine-Westphalia
12,000,000 €
- Total area —
- Yield 4.0%
- Lease term 2022
- Constructed 2004
Key project parameters
- Leasable area
- 4,225 m²
- Constructed
- 2004
Project description
Commercial spaces rented as medical offices.
Description
The property includes 14 commercial units covering an area of 4,225 m².
The spaces are in good condition.
This property is interesting for investors who want to develop property, and not to buy a ready-made business.
There is a potential for development, if one of the tenants leaves, a popular location will easily attract new tenants.
Tenants
- Agreement
- Yes
- End of lease
- 2022
The tenants of the property are medical offices.
The average duration of lease agreements is until 2022 (2020–2024).
Financial performance
- Yield
- 4.0%
The absolute annual income is 606,698 €.
The current yield is 5%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6,5%.
The brokerage fee is 4% + 19% VAT (in total 4.76%).
Location and nearby infrastructure
The property is located in one of the largest cities in the federal state of North-Rhine Westphalia.
The capital of the federal state is Dusseldorf. The largest city by population is Cologne. The population is 17.6 million people (the most populated state in Germany). It takes the 4th place in Germany by the area size. 29 of the 80 major German cities are located in the urbanized territory of NRW.
More properties
If this ad doesn't suit you, have a look at the other offices for sale in North Rhine-Westphalia.
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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.
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Property maintenance and insurance
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Search for tenants, contracting, and control over rent collection
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Arrangements for bookkeeping and tax advice
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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