We are happy to offer you a commercial property in the city of Hof (land - Bavaria). The object was built in 1968 on a land plot of 750 sq.m. The building was modernized in 2015. The condition of the property is very good. It is not a monument of architectural heritage.
The building is located in a prestigious area of Hof in the pedestrian zone. It has double glazed windows and gas heating.
The tenant is a well-known Bavarian bookstore chain. The current lease was concluded in 2015 for 10 years and is valid until 10/31/2025. There are 2 renewal options of 5 years each. Also, the contract provides for indexation of rents from 01.11.2020, from this date it will be 96,400 euros / year.
Price - 1,300,000 euros
Total area - 318 sq.m.
Rental income - 90,400 euros / year (from 01.11.2020 there will be an increase to 96,400 euros / year)
Profitability - 6.95% (from 01.11.2020 there will be an increase to 7.42%)
Hof is a city in Germany, in the state of Bavaria, the third largest in the administrative district of Upper Franconia. The population is about 50,000 people. Hof is a regional center, it has its own university. The city offers a wide range of cultural and recreational opportunities. Here are the Freiheitshalle - the largest concert hall in northeastern Bavaria, Theater Hof - a theater where, among other things, the Hofer Symphony Orchestra performs. In addition, there is the Hofer Zoo, the Botanical Garden and the planetarium.
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 Bavaria!