Auto parts store and car service with a well-know chain tenant.
Description
The building with a total area of 1,200 m². Plot area is 3,000 m².
The annual income is 75,000 €.
The yield is 5.7%.
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.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
The property is located in the federal state of Saxony, in a city with a population of 40,000 inhabitants.
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.
