- 27,285,000 €
- 4.7% yield
- Saxony Office 2,172,000 €
- Basic parameters
- Photo
№ 1,896,130
Office 4,300 m² in Saxony
2,172,000 €
505 € /m²
- Total area 4,300 m²
- Yield 4.0%
- Lease term 2025
- Constructed 1928
Key project parameters
- Total area
- 4,300 m²
- Constructed
- 1928
Project description
Office space with a well-known tenant.
Description
Commercial space with a total area of 4,300 m².
Tenants
- Agreement
- Yes
- End of lease
- 2025
The property is fully let. The tenant is the largest telecommunications company in Europe.
The lease agreement is valid until 2025.
Financial performance
- Yield
- 4.0%
The annual income is 109,000 €.
The yield is 5%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
Location and nearby infrastructure
The property is located in the federal state of Saxony.
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.
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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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