This listing has expired.

Contact a manager at Tranio.com, and we will find you a suitable Business centre or property from among our 100,000 offers across 54 countries around the globe

Commercial center in Dresden

5,850,000 €
Mortgage calculator
Submit request
Total area: 4,839 m² Yield: 5.7% Built in 1994
  • Absolute return: 298,510 €
  • Land area: 1,940 m²
  • Percentage of the rented area: 72%
  • Number of parking lots: 71
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0%

It is a multi-functional commercial building in the capital of Saxony — Dresden.

Description

The six-storey building with a total area of 4,839 m² was built in 1994.

The plot of 1940 m².

There are 4 commercial premises on the ground floor, 17 office premises, as well as various archives and warehouses.

Threre is a parking for 71 places.

The property is in good overall condition.

72% of the area of the building leased to many different lessees.

Financial performance

Absolute income is 298,510 €.

Projected income (full occupancy) is 414,435 €.

The current yield of 5,7%.

The projected yield of 7,1%.

Tenants

Tenants are stores, businessmen, foreign language school, a doctor's office.

Terms of lease agreements vary and end from 2016 until 2020. Some contracts have the extension options for 2x3 or 2x5 years.

Transaction costs

The broker's fee of 6% + VAT.

Real Estate Transfer Tax is 3,5%.

Notary fee of 1,5%.

Location

The facility is located near the Zwinger. Five museums in Zwinger are famous throughout the world: Dresden Art Gallery, Physics and Mathematics Museum, Sculpture Museum, Porcelain Museum and the Museum of Mineralogy and Geology.

The city center and the surrounding area is well connected by subway lines, buses and tram lines.

Similar listings

We are looking for similar listings

Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Dresden
By clicking «Submit request», you agree with the terms of Tranio's User Agreement.
Submit request
    Send one more request
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services