It is a commercial building investment in one of the major cities of.
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.
Absolute income is 349,164 €.
The current yield of 5,8%.
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.
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 7,14%.
The property is situated in a pedestrian area close to public transport and park.