ID: 1389
House

Office building for sale Thuringia, Gera, Germany

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€2,480,000
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb
Property for Sale in Gera, Thuringia, Germany - Thumb

Enquire about this Property

Additional Information DESCRIPTION

You will love this 4-story office building in Gera, Thuringia federal land. The property consists of 9 apartments.

Year built – 1997

Land Area –975 m2

Total Area –3,685 m2

Revenue from the rent – €294,961 per year (up to €306,436 if fully rented)

Rate of return – 11.89% (up to 12.36% if fully rented)

Price – €1,700,000

On the street side, the windows have awnings-blinds with electric drive. Inside the building, there is a glazed lift for 8 people. There is also a car parking on the ground floor.

Features of the building: extra strong construction, shingled roof, electric shutters, flooring, a tile, district heating, and an elevator.

The property is located in the Mitte district, east of the Weiß-Elster River. The central bus station of the city is within walking distance. There are shops, schools, service enterprises nearby.

Hera is a city located on the Weiss Elster River that is the eastern part of Thuringia. It is about 60 km south of Leipzig and 80 km east of Erfurt and 40 km southeast of Chemnitz. The population is about 96,000 people.

If you are interested in other properties, you can leave a request on our web site. Our representative will contact you shortly to assist you and answer the questions you might have.

Do not miss a unique opportunity to have an office building in Germany!
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Additional Information PROPERTY DETAILS
  • Type of Property: Office building
  • Property Type: Secondary market
  • Status: Good
  • Location: Gera, Thuringia, Germany
  • Land Area: 975 m²
  • Total Area: 3685 m²
  • Sale Price: €2,480,000

Financial Information

Price
€2,480,000
Rent Income per year
€294916
Rent Income per month
€24576
Profitability
11,89%
Payback
8,4 years
Installment
Mortgage

Purchase Cost

Agency commission
7,14%
Tax on the purchase
6,5%%
Services notary
1%
Inventory
0,5%
Rental services
Services of the management company

Facilities

Elevator
Underground parking
Near metro / stop
Near the shop
Additional Information OTHER INFO

ATTRIBUTES

Land Area: 975 m²
Total Area: 3685 m²
Year Built: 1997
Floors in the building: 4
Heating Type: Центральное отопление
Parking: Yes
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