Office Building in Augsburg for Sale, Lease Agreements until 2021-2024
Property type: office building
Purchase of established rental business
Location: Augsburg, the state of Bavaria, Germany
• property is located in Augsburg with a population over 290,000
• Augsburg is the third-largest city in Bavaria
• Augsburg is a vibrant scientific and industrial city with many global market leaders producing high technology products
Construction year: 2019
Building size: ca. 1,400 m2
Area size: ca. 1,700 m2
Car parking: 20+ spaces
Tenants: IT-company, recruitment agency, automotive supplier
Occupancy: 100%
Lease agreements end: 2021-2024 (+ renewal options)
Possibility of renewal: YES
Rent Review: YES
Purchase price: 5,500,000 EUR
(+ closing costs)
Rental Income: 248,000 EUR per annum
(+ indexation linked to inflation)
Yield: 4.5%
