Auto parts store and car service with a well-know chain tenant.
Description
The building with a total leasable area of over 3,000 m². Plot area — about 5,000 m².
Parking for 50+ spaces.
The annual income is 218,000 €.
The yield is 4.8%.
The property is fully let. The tenant is a well-known chain of car shops and services with 600 branches throughout Germany.
The lease agreement is valid until 2040.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
Brokerage fee is 5% + VAT 19% (total 5.95%).
The property is located in the nearest suburb of Stuttgart, in a city with a population of about 50,000 inhabitants.
Stuttgart is the capital of Baden-Württemberg, one of the most important industrial and cultural centers of Germany. More than 630 thousand people live In Stuttgart (the 6th largest city in the country). The city with its agglomeration (5.3 million people) is one of 20 metropolitan areas with the largest percentage of gross domestic product in Europe.
Stuttgart is an important transport hub of Germany with an international airport (capacity of 11.8 million) and a railway station (traffic flow of 220k per day).
Baden-Wurttemberg is a land in the south-west of Germany, on the border with France and Switzerland. The region has a developed economy and represents a local industry hub for advanced technology and scientific research.
