Commercial center in Northern Bavaria

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Commercial center in Northern Bavaria

6,000,000 €
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Total area: 2,987 m² Yield: 5.8%
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Features
  • Operating Incomе: 349,164 €
  • Land area: 874 m²
  • Occupancy: 100%
  • End of lease: 2018
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 7.1%

It is a commercial building investment in one of the major cities of.

Upper Franconia.

Description

The total area of the building is 2,987 m².

The plot of 874 m².

The property is fully leased out to two major tenants.

Financial performance

Absolute income is 349,164 €.

The current yield of 5,8%.

Tenants

The tenants are Commerzbank, the second largest bank in Germany, and Karstadt Warehaus, one of the famous department stores in Germany.

The Commerzbank employs more than 50,000 people, serving more than 11 million customers. The annual income of the bank exceeds € 9 billion.

The lease agreement is valid until 2018 with extension options for 3x5 years.

Karstadt Warehaus employs more than 16,000 people. The annual income of the company exceeds € 130 million and annual turnover exceeds € 2.5 billion.

The lease agreement is valid until 2021 with extension options for 3x5 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 7,14%.

Location

The property is situated in a pedestrian area close to public transport and park.

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If this property wasn’t for you, take a look at other business centres for sale in Germany.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services