It is a commercial unit investment on the ground floor of a seven-storey building.
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.
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.
Absolute income is 89,141 €.
The current yield of 3,9%.
Tenant is the city of Frankfurt.
The lease agreement is signed for 10 years until 2027.
Notary fee of 1,5%.
RE purchase tax of 5%.
The broker's fee of 5,95%.
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.