ID: 1799
House

Residential house with commercial facilities for sale Hesse, Wiesbaden, Germany

Commercial property in Wiesbaden. Profitability 4,9%  

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€5,550,000
Commercial property in Wiesbaden. Profitability 4,9%  

Enquire about this Property

Additional Information DESCRIPTION
We are pleased to offer you a commercial property in Wiesbaden (land - Hesse). The object was built in 1989 on a land plot of 2,592 sq.m. Overhaul was carried out in 2000. There is a private parking for 38 cars. The facility is in good condition.
 
The building consists of 3 floors, on which there are 3 commercial premises and 15 profitable apartments (10 of them have built-in kitchens). All objects are leased.
 
Tenants of commercial premises are:
1) ATU is the No. 1 automobile workshop in Germany, the leader of the German automotive industry in its segment. The company has a large online store that offers spare parts, tires, accessories, care products and other products of original quality for almost any car brand. The lease with them was recently extended until 2029.
2) Nursing service
3) Ballet school
 
Price - 5 550 000 Euro
Total area - 2 921 sq.m.
Commercial area - 1 925 sq.m.
Living area - 996 sq.m.
Rental income - EUR 272,340.16 / year
Profitability - 4.91%
 
Rent increases by approximately 2,000 euros each year.
 
Wiesbaden is a city in Germany, the administrative center of the federal state of Hesse. Wiesbaden is the second largest city of Hesse after Frankfurt. The population of more than 275 thousand people. The name Wiesbaden literally means "meadow baths." One of the oldest resorts in Europe, it has 26 hot and several cold thermal springs. Since 1905, when its population reached 100 thousand, it began to be considered a large city. Wiesbaden is located about 20 km from Frankfurt Airport, has several small train stations and one Hauptbahnhof main station, which connects Frankfurt, Darmstadt, Mainz, Limburg and Koblenz. Wiesbaden is located on the right (eastern) bank of the Rhine at the confluence of the Main into the Rhine. On the other side of the Rhine is the city of Mainz. There are several ports on the banks of the Rhine and Main. The city also has the University of Applied Sciences Wiesbaden and the Wiesbaden Observatory.
 
If you are interested in this and other objects, you can leave a request. Our company’s managers will contact you shortly and provide you with the objects that match your request.
 
Do not miss the opportunity to purchase commercial property in Wiesbaden!
Additional Information PROPERTY DETAILS
  • Object: Commercial property
  • Type of Property: Residential house with commercial facilities
  • Property Type: Secondary market
  • Location: Wiesbaden, Hesse, Germany
  • Land Area: 2592 sq m
  • Total Area: 2921 sq m
  • Sale Price: €5,550,000

Financial Information

Price
€5,550,000
Guaranteed rent
Rent Income per year
€272340
Rent Income per month
€22695
Profitability
4,91%
Payback
20,4 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

Facilities

Parking place
Apartment house
Additional Information OTHER INFO
FEATURES
Commercial property with tenant in Wiesbaden for sale
Commercial property with tenant in Hesse for sale
Commercial property with tenant in Germany for sale

ATTRIBUTES

Land Area: 2592 sq m
Total Area: 2921 sq m
Year Built: 1989
Parking: yes
Parking Spaces: 38
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