It is an office building in Herrenberg, Baden-Vyurtmeberg.
The two-story building area of 1,893 m², plot of 1,372 m² was built in 1990.
Ground and first floors accomodate offices area of 1,445 sqm, storage rooms located in the basement. All areas are leased out to various tenants.
There was major renovation in 2008 including:
- painting of the facade;
- installation of the plastic windows with good sound insulation on the first floor;
- painting common areas as well as entrance and toilets;
- renewal of the letterboxes;
- replacement of the front door;
- renewal of the floors on the first floor.
The building is in an excellent overall condition.
There is a parking for 30 places, 15 are vacant. The purchase price for one place is 4,950 €.
Absolute income is 147,000 €.
The current yield of 6%.
The building is leased out to seven different tenants.
The lease agreement are signed for various periods and end in 2016, 2018, 2019, 2020 and 2022.
Herrenberg is located approximately 30 km south of Stuttgart. With approximately 31,000 residents it is a municipal center for the surrounding municipalities.
Herrenberg benefited mainly from location in the metropolitan region of Stuttgart. The town lies on the Stuttgart S-Bahn network. The train station in Herrenberg sends regional express trains towards Stuttgart and Singing. Due to its location on the A81 motorway, Herrenberg has good accessibility to federal motorways.