Auto parts store and car service with long-term lease, Brandenburg, Germany

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Auto parts store and car service with long-term lease, Brandenburg, Germany

790,000 €
564 € /m²
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  • Total area
    1,400 m²
  • Yield
    6.2%
  • Built in 
    2000
Details
Property parameters
  • Land area: 4,000 m²
Financial performance
  • Annual income: 49,000 €
Tenants
  • Fully let
  • End of lease: 2040
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 4.0% + VAT

Auto parts store and car service with a well-know chain tenant.

Description

The building with a total area of 1,400 m². Plot area — over 4,000 m².

Financial performance

The annual income is 49,000 €.

The yield is 6.2%.

Tenants

The property is fully let. The tenant is a well-known chain of auto parts stores and services with 600 branches throughout Germany.

The lease agreement is valid until 2040.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.5%.

Brokerage fee is 4% + VAT 19% (total 4.76%).

Location and nearby infrastructure

The property is situated in the federal state of Brandenburg, in a city with a population of 60,000 inhabitants.

Brandenburg is located in the northeast of Germany and has a population of 2.5 million residents, the fifth-largest German state by area and tenth-most populous.

Brandenburg surrounds the national capital and city-state of Berlin, which together form the Berlin/Brandenburg Metropolitan Region, the third-largest metropolitan area in Germany. It borders the states of Mecklenburg-Vorpommern, Lower Saxony, Saxony-Anhalt, and Saxony, as well as the country of Poland.

Potsdam is the state capital and largest city.

More properties

If this property wasn’t for you, take a look at other retail space for sale in Brandenburg.

All ads in the country: retail space for sale in Germany.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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