Three-storey building with commercial premises.
Description
The total area of the building is 2,475 m²
The lettable area is 1,985 m²
The office building was built in 1988 and renovated in 2015.
Premises are provided with air conditioning systems. The height of ceilings is 3–4.5 m. Windows are fitted with electric sunblinds.
The purchase price of the property includes a parking for 41 cars.
The building has a video surveillance systems, as well as a security and a fire alarm systems.
The vacant area is 236 m²
Absolute annual income is 204,044 €.
The current yield of 6.8%.
Financial preformance with the total area leased out:
Projected absolute annual income is 228,116 €.
The projected yield of 7.6%.
At the moment, there are 5 tenants in the building.
The lease agreement with the anchor tenant is valid until 31.05.2017 and includes an extension option until 31.05.2017.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
The brokerage fee is 5.95%.
The office building is located in the suburb of Mainz, in the state of Rheinland-Palatinate. There are many commercial and office buildings with the branches of large companies in this area. Public transport stops and a main railway station are situated in proximity from the building. Entrances to the motorways are situated within few minutes drive from the property.