It is a restaurant investment on the ground floor of a seven-storey building.
The total area of the property is 234 m².
The premise is located in the building, scheduled for completion in the second quarter of 2017.
The builder is a large company with more than 40 years of experience.
There are 2 more commercial units on the ground floor:
- kindergarten, price of 2,888,800 €;
- retail unit, price of 1,274,311 €.
The entire ground floor can be purchased for €5.5 million.
Absolute income is 50,122 €.
The current yield of 3,3%.
The builder acts as a managing operator and guarantees 10 years of rental income.
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.