Property Detail

Office Complex in the Province of South Holland for Sale, 5 years lease guaranty, Net Yield = 9.3%

Office Complex in the Province of South Holland for Sale, 5 years lease guaranty, Net Yield = 9.3%

Property type: office complex
Purchase of established rental business

Number of buildings: 8

Tenure: freehold

Location: the province of South Holland, the Netherlands

• South Holland is a densely populated (population is over 3.6 million people) and economically developed province in the Netherlands
• property benefits from its strategic location - a direct access to the highway
• just a 10-minute drive from the Hague and a 20-minute drive from Rotterdam

Construction year: 2003

Total lettable area: ca. 13,500 m2

Car parking facilities: 180+ spaces

Main tenants: state institution, consulting company

Other tenants: insurance company, medical services, etc.

Occupancy: 100%

Weighted Average Lease Length (WALL): ca. 6 years

Possibility of renewal: YES
Rent Review: YES

Purchase price: 13,500,000 EUR
(+ closing costs)

Guaranteed Rental Income: 1,296,000 EUR per annum
(+ index linked to inflation)

Gross yield: 9.6%

Maintenance costs (paid by the owner): ca. 41,800 EUR per annum

Net yield: 9.3%

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http://www.brantstone.com/property/commercial-property-for-sale-in-netherlands-11033521 11033521 Office Complex in the Province of South Holland for Sale, 5 years lease guaranty, Net Yield = 9.3%