Commercial premise in a new building in Frankfurt

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Commercial premise in a new building in Frankfurt

2,289,000 €
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Total area: 416 m² Yield: 3.9% Built in 2017
  • Absolute return: 89,141 €
  • 7-floor building
  • 1 floor
  • Percentage of the rented area: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%
  • Total rooms: 1

It is a commercial unit investment on the ground floor of a seven-storey building.

Description

The total area of the property is 416 m².

The premise is located in the building, scheduled for completion in the second quarter of 2017.

The property will be used as kindergarten according to the lease agreement.

The builder is a large company with more than 40 years of experience.

Additional information

There are 2 more commercial units on the ground floor:

  • retail premise, price of 1,274,311 €;
  • restaurant, price of 1,532,839 €.

The entire ground floor can be purchased for €5.5 million.

Financial performance

Absolute income is 89,141 €.

The current yield of 3,9%.

Tenants

Tenant is the city of Frankfurt.

The lease agreement is signed for 10 years until 2027.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 5,95%.

Location

The property is located in the new developing quarter of Frankfurt, estimated real estate investments here will be about €1 billion in the next 2–3 years.

Public transport is within the walking distance, Central railway station is within 7 minutes by walk, the airport is 13 minutes away.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Frankfurt am Main
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