Post office under construction in Hessen

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Post office under construction in Hessen

2,431,000 €
2,214 € /m²
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  • Total area
    1,098 m²
  • Yield
    6.9%
  • Built in 
    2017
Details
Property parameters
  • Land area: 4,780 m²
Financial performance
  • Annual income: 167,628 €
Tenants
  • Fully let
  • End of lease: 2027
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

It is a post office investment in one of the cities north-west of Frankfurt with a population of more than 20,000 people.

Description

The total area is 1,098 m².

The plot of 4,780 m².

There will be a parking according to the blueprints.

The property will be commisioned in early 2017 and is already fully leased out.

Financial performance

Absolute income after commissioning will be 167,628 €.

The yield will be 6,9%.

Tenants

Tenant is a postal company Deutsche Post DHL, which is one of the largest logistics companies in the world.

Deutsche Post DHL has branches in more than 220 countries worldwide. The company staff exceeds 340,000 employees.

The lease agreement is signed for 10 years from the date of commissioning, extension options for 2x5 years. In case of refusal to renew the contract the tenant has to pay a fine of 350,000 €.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

The broker's fee of 5,95%.

More properties

If this ad doesn't suit you, have a look at the other office buildings for sale in Hessen.

All ads in the country: office buildings for sale in Germany.

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