Property Detail

Office Building in the State of Hesse for Sale, Net Yield = 6.6%, Freehold

Office Building in the State of Hesse for Sale, Net Yield = 6.6%, Freehold

Property type: office building
Purchase of established rental business

Tenure: freehold

Construction date: 2001

Building size: ca. 10,950 m2

Floors: 7

Car parking facilities:
• multistorey car park: 262 spaces
• outdoor car park: 40 spaces

Location: the state of Hesse, Germany
• property is located in a city with a population of about 60,000

Number of tenants: 10+

Main tenants:

• well-known international engineering company
• well-known international industrial company

Occupancy: 100%

Weighted average unexpired lease term (WAULT): 2.2 years

Possibility of renewal: YES
Rent Review: YES

Purchase price: 21,050,000 EUR
(+ closing costs)

Net Income: 1,393,000 EUR per annum
(+ indexation linked to inflation)

Net Yield: 6.6%

Property Contact

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http://www.brantstone.com/property/office-building-for-sale-in-hesse-germany-03033005 03033005 Office Building in the State of Hesse for Sale, Net Yield = 6.6%, Freehold