Building with office premises.
Description
The total area of the property is 8,100 m²
The office building consists of four above-ground floors and a two-level underground parking for 161 cars.
The property was built in 2000. In 2012, the property was renovated.
The office building is leased out to a single tenant.
Absolute annual income is 985,000 euro.
The current yield is 5.5%.
The tenant is an international company.
The lease agreement is valid until July 2022 and includes extension options for 2x5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.5%.
The broker's fee of 4%.
The office building is located in the western part of the city. There are public transport stops and an entrace to the motorway situated in proximity from the property. The center of Cologne is situated within 10 minutes drive from the building.