ID: 1835
House

Office building for sale Thuringia, Erfurt, Germany

Office building in Erfurt. Profitability 6.6% - 7.3%

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€5,000,000
Office building in Erfurt. Profitability 6.6% - 7.3%
Property for Sale in Erfurt, Thuringia, Germany - Thumb
Property for Sale in Erfurt, Thuringia, Germany - Thumb
Property for Sale in Erfurt, Thuringia, Germany - Thumb
Property for Sale in Erfurt, Thuringia, Germany - Thumb
Property for Sale in Erfurt, Thuringia, Germany - Thumb
Property for Sale in Erfurt, Thuringia, Germany - Thumb

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Additional Information DESCRIPTION
Do not miss the opportunity to buy an office building in Erfurt (land - Thuringia). The object was built in 1992 on a land plot of 20,823 sq.m. Near the building there is a private parking for 186 cars. The facility is in good condition.
 
The office building consists of 5 floors, which is divided into 24 commercial units. The area is divided into office, warehouse and logistics areas. At the moment, about 83% of all areas are commissioned.

The building has:
- solid construction;
- metal roof;
- wooden windows with 2nd glazing;
- blinds;
- alarm;
- fire alarm;
- central heating;
- elevator.
 
The tracks on the territory are paved. Due to the large land plot, construction of additional buildings is possible on the territory.
 
Cost - 5,000,000 Euro
Total area - 6 531 sq.m.
Rental income - 330,130.04 euros / year (with full rental of premises, an increase of up to 365,340.44 euros / year is possible)
Profitability - 6.6% (with full lease of space, an increase of up to 7.31% is possible)
 
The office building is located about 15 km southwest of the center of Erfurt, in the Molsdorf district, which is one of the most popular in the city. The area is known for its Barockschloss palace with a park. The park is located just 400 meters from the office building.
 
Erfurt - a city in Germany, is the capital of the federal state of Thuringia and at the same time its largest city. The population of more than 214 thousand people. The main business, education and culture of Thuringia is concentrated here. The city has excellent infrastructure, due to which there is a steady demand for commercial premises. The A4 and A71 motorways pass nearby, while B4 and B7 cross the city.
 
If you are interested in this and other objects, you can leave a request. Our company’s employees will contact you shortly and provide you with the objects that match your request.
Additional Information PROPERTY DETAILS
  • Object: Commercial property
  • Type of Property: Office building
  • Property Type: Secondary market
  • Location: Erfurt, Thuringia, Germany
  • Land Area: 20823 sq m
  • Total Area: 6531 sq m
  • Sale Price: €5,000,000

Financial Information

Price
€5,000,000
Guaranteed rent
Rent Income per year
€330130
Rent Income per month
€27510
Profitability
6,6%
Payback
15 years
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
Parking place
Central heating
Additional Information OTHER INFO
FEATURES
Office building with tenant in Erfurt for sale
Office building with tenant in Thuringia for sale
Office building with tenant in Germany for sale

ATTRIBUTES

Land Area: 20823 sq m
Total Area: 6531 sq m
Year Built: 1992
Parking: yes
Parking Spaces: 186
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