- 27,285,000 €
- 4.7% yield
- Dresden Shop 1,292,000 €
- Basic parameters
- Photo
№ 2,270,185
Shop 590 m² in Dresden
1,292,000 €
2,189 € /m²
- Total area 590 m²
- Yield 4.0%
- Lease term 2027
- Constructed 2003
Key project parameters
- Total area
- 590 m²
- Constructed
- 2003
Project description
Car service center close to the center of Dresden.
Description
Car service center with an area of 590 m².
Tenants
- Agreement
- Yes
- End of lease
- 2027
The property is fully let. The tenant is a well-known chain of car service centers with several hundred branches in Germany.
The tenancy agreement has been concluded till 2027.
Financial performance
- Yield
- 4.0%
The annual net income is 86,862 €.
The net yield is 6.7%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
Location and nearby infrastructure
Dresden is the capital of the federal state of Saxony. The population of the city is about 550 thousand people. Along with Munich and Potsdam, Dresden is one of the 10 fastest growing cities in Germany.
Dresden is one of the leaders in Germany in terms of economic growth. The city has one of the highest potentials for the development of the technological industry and research activities in Germany.
The economy of Dresden is based on the work of the port and the production of high-tech goods (specialized optical and medical equipment for trade, computers, machinery and tools).
More properties
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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
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- 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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