ID: 1626
House

Office building for sale North Rhine-Westphalia, Wuppertal, Germany

Office building in Wuppertal North Rhine - Westphalia
EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
€25,200,000
Office building in Wuppertal North Rhine - Westphalia
EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
Additional Information DESCRIPTION
Do not miss the opportunity to buy an office building in Wuppertal (land - North Rhine-Westphalia). The object was built in 1930 on a plot of 8,136 sq. m. There is a private parking and an underground garage for 460 cars.

Earlier in this building was the central post office of Wuppertal. In 2015, the building passed into private hands to its current owner. As a result, the building was converted into commercial real estate, where many tenants were located. The building is in very neat and tidy condition.

At the moment, 100% of all areas are handed over. Anchor tenants are:
1) Retail grocery chain supermarket Netto. 14.7% of the total area is rented. The lease agreement is valid until August 24, 2033.
2) Postbank branch (Postbank in Germany serves more than 20 million individuals and about 300 thousand legal entities). 14.9% of the total area is rented. The lease agreement is valid until 12/31/2023.
3) Engineering company CPM GmbH. Rent 21% of the total area. The lease agreement is valid until May 31, 2026.
4) Hotel VESPER. They rent 23.1% of the total area. The lease agreement is valid until December 31, 2040.
5) Fitness Studio Mc FIT. Rent 12.1% of the total area. The lease agreement is valid until December 31, 2027.

In addition, the site has many smaller tenants: the law firm RA Kanzlei, the digital electronics store Handyshop, the bio-products store Lebensmittelh, the Schuelerhilfe training center, the telecommunications company Telekom, the medical office Arztpraxis.
 
Total area - 13 898 sq. M.
Cost - 25 200 000 euros
Rental income - 1 563 625 euro / year
Profitability - 6,2%

Wuppertal is a city in Germany, in North Rhine-Westphalia. Subordinated to the administrative district of Dusseldorf. Part of the district is a city of land subordination. To Düsseldorf - 35 km, to the city of Cologne - 50 km. The population of the city is 350 thousand people. Within a radius of 50 km. population is 5 million people.

The property is located in the very center of Wuppertal. Near excellent infrastructure. At 100 meters is the pedestrian area of the city with many shops, cafes and restaurants. About 200 meters from the main railway station. The bus stop and taxi rank are located directly in front of the building. The University of Wuppertal (19,000 students) is about 3 km away. The nearest A46 motorway is 1.6 km away. Dusseldorf International Airport is 44 km away and can be reached by car in 20 minutes.

If you are interested in this and other objects, you can leave a request. Managers of our company will contact you shortly and provide you with the objects that match your request.
Additional Information PROPERTY DETAILS
  • Type of Property: Office building
  • Property Type: Secondary market
  • Location: Wuppertal, North Rhine-Westphalia, Germany
  • Land Area: 8136 sq m
  • Total Area: 13898 sq m
  • Sale Price: €25,200,000

Financial Information

Price
€25,200,000
Rent Income per year
€1563625
Rent Income per month
€130302
Profitability
6,2%%
Payback
16,1
Installment
Mortgage

Purchase Cost

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

Facilities

Bus Station
Parking place
Additional Information OTHER INFO
FEATURES
Office building in Wuppertal for sale
Office building in Wuppertal to buy
Office building in North Rhine - Westphalia for sale
Office building in North Rhine - Westphalia to buy

ATTRIBUTES

Land Area: 8136 sq m
Total Area: 13898 sq m
Parking: yes
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