Office Complex in the Province of South Holland for Sale, 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%
