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Office building in the center of Mainz with a 6,9% yield

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Office building in the center of Mainz with a 6,9% yield

9,527,000 €
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Total area: 6,084 m² Yield: 6.9%
  • Absolute return: 657,000 €
  • 5-floor building
  • Percentage of the rented area: 100%
  • Number of parking lots: 52
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%

It is an office center consisting of the two buildings in the city center of Mainz, the capital of Rhineland-Palatinate.

Description

The total area of 6,084 m².

The property is in good overall condition, the buildings were modernized and repaired, the following works were carried out:

  • installation of a new fence;
  • repair of elevators;
  • repair of both buildings roofs;
  • new flooring in the foyer, basement, on the entrance stairs and terrace;
  • replacement of windows in both buildings;
  • repair of toilets;
  • installation of new batteries;
  • replacement of entrance doors in both buildings;
  • painting and plastering;
  • photo-studio repair.

There are 2 garages for 52 cars.

The office center is fully leased out.

Financial performance

Absolute income is 657,000 €.

The current yield of 6,9%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

Broker's fee of 5,95%.

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Sofiya Bulanova
Sofiya Bulanova
Real Estate Expert Tranio in Mainz
+44 20 3608 1267
Free advice on real estate in Mainz
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