Property Detail

Office Building in the Province of South Holland for Sale, Net Yield = 10.3%, Freehold

Office Building in the Province of South Holland for Sale, Net Yield = 10.3%, Freehold

Property type: office building
Purchase of established rental business

Tenure: freehold

Location: the province of South Holland, the Netherlands

∙ property is located in the province of South Holland
∙ 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 (an exit to the highway and close to large cities)

Construction year: 2005

Lettable area: ca. 6,000 m2
Site area: ca. 8,500 m2

Car parking: 145 spaces

Tenants: international IT company, construction company

Occupancy: 100%

Weighted average unexpired lease term (WAULT): 6.8 years

∙ WAULT to the first break option: 4.8 years
∙ Possibility of renewal: YES
∙ Rent Review: YES

Purchase price: offers in excess of 7,850,000 euro

(+ closing costs)

Gross Rental Income: 821,000 euro per annum
(+ index linked to inflation)

Gross yield: 10.5%

Maintenance costs (paid by the owner): ca. 11,600 euro per annum

Net yield: 10.3%

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http://www.brantstone.com/property/high-yield-property-in-netherlands-11033303 11033303 Office Building in the Province of South Holland for Sale, Net Yield = 10.3%, Freehold