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Commercial building in Stuttgart with a 6,3% yield

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Commercial building in Stuttgart with a 6,3% yield

22,000,000 €
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Total area: 16,466 m² Yield: 6.3%
  • Absolute return: 1,400,000 €
  • Land area: 9,205 m²
  • Built in 1982
  • 5-floor building
  • Renter: 100%
  • Number of parking lots: 127
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 4.8%

It is a multi-functional building for sale in the capital of Baden-Württemberg.

Description

The total area of the five-storey building is 16,466 m².

The plot of 9,205 m².

The property was built in 1982 and now is in good overall condition.

There is a parking for 127 cars.

All areas are leased out to three tenants.

Financial performance

Absolute income is 1,400,000 €.

The current yield of 6,3%.

Tenants

The anchor tenant is Synlab Group – a large company providing medical, veterinary and laboratory services.

Synlab Group employs more than 7,000 people and its annual turnover exceeds €700 million.

The new lease agreement is isgned for 15 years.

Another tenant is the German post office, the lease agreement is valid until 2020, there are extension options.

The third tenant is a police department, a new lease agreement is signed for 10 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 4,76%.

Location

The property is located in the North-Eastern Stuttgart.

Public transportation and metro stations are in the neighborhood.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Stuttgart
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