ID: 1416
House

Office building for sale Hesse, Frankfurt, Germany

EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
€7,000,000
EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
Additional Information DESCRIPTION

You will love this 3-story office building in Frankfurt. The building consists of 17 commercial premises, 15 of which are rented.

Year built – 1970 (overhauled in 1993)

Land Area –5,338 m2

Commercial Area – 4,729m2

Revenue from the rent – €471,027.24 (up to €524,547.24 if fully rented)

Rate of return – 6.73% (up to 7.5% if fully rented)

Price – €7,000,000

An anchor tenant is a state structure that leases about 2,000 square meters, the lease is valid until 2020 (on site since 2000).

Frankfurt is the largest city in Hesse federal land and the 5th largest in Germany. The population of the city is 700,000 people. It is a center of a large metropolitan area Rhine-Main with a population of 5.6 million people. Frankfurt is considered the center of commerce, culture, education, tourism and transportation. There are the European Central Bank, the Federal Bank of Germany, the Frankfurt Stock Exchange, the Frankfurt Fair and the Frankfurt Airport located in the city.

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 a commercial property in Germany!

 

 

 

Additional Information PROPERTY DETAILS
  • Type of Property: Office building
  • Property Type: Secondary market
  • Status: Good
  • Location: Frankfurt, Hesse, Germany
  • Land Area: 5338 m²
  • Total Area: 4729 m²
  • Sale Price: €7,000,000

Financial Information

Price
€7,000,000
Rent Income per year
€471027
Rent Income per month
€39252
Profitability
6,73%
Payback
14,9 years
Installment
Mortgage

Purchase Cost

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

ATTRIBUTES

Land Area: 5338 m²
Total Area: 4729 m²
Year Built: 1970
Floors in the building: 3
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