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Commercial premise in Cologne with a 6,4% yield

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Commercial premise in Cologne with a 6,4% yield

4,700,000 €
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Total area: 3,458 m² Yield: 6.4%
  • Land area: 1,414 m²
  • Built in 1990

It is a mixed-use commercial facility located in Cologne.

Description

The property with total area of 3,458 m² was built in 1990.

The plot of 1,414 m².

There is a parking for 54 cars.

95% of the areas are occupied by various tenants.

Financial performance

Absolute income is 300,685 €.

Projected income (full occupancy) is 316,345 €.

The current yield of 6,4%.

The projected yield of 6,7%.

Tenants

The property is leased out to various tenants.

The lease agreements are concluded on different dates and end from 2016 until 2024. Some contracts have extension options.

Transaction costs

The broker's fee of 6% + VAT.

Real Estate Transfer Tax is 6,5%.

Notary fee of 1,5%.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Cologne
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