Office center in Wuppertal, Germany

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Office center in Wuppertal, Germany

9,400,000 €
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  • Yield
    7.0%
  • Rental rate (m²/month)
    11 €
Details
Property parameters
  • Leasable area: 4,996 m²
  • Land area: 4,108 m²
  • Number of parking lots: 50
Financial performance
  • Annual income: 658,409 €
Tenants
  • No tenants
  • End of lease: 2024
Property status
  • Most recent total renovation: 2012
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 3.0% + VAT

Business center, which is consists of 5 buildings.

Description

Lettable area is 4,996 m²

The first building was built in 1950s and includes 5 stories.

The second building was built in 1970s and comrised of 3 stories.

The third building was built in 1970s and includes 3 stories.

The forth building was built in 1910s and consists of 3 stories. Except of offices, there are two residential units.

The fifth building was built in 1960s, comprised of 3 stories and fitted with two garages.

Advantages

There is a parking space for 50 lots.

Financial performance

Absolute income is 658,409 €.

The current yield of 7%.

Tenants

The anchor tenant is a large media company. The lease agreement is valid through 2024.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6,5%.

The broker's fee of 3%.

Location

The property is situated in the business area of the city with an extended infrastructure.

More properties

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

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

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