Property Investor Abroad

Property Investor Abroad
For Sale - Nordrhein-Westfalen, Germany
Enquire On This Property
  €4,500,000
   
 
Nordrhein-Westfalen, Germany

Commercial Premises with 69 Units/Offices Fully Tenanted Producing a Net Yield of 10.8%. A former factory building with 3 floors. The floors are segmented in bigger and smaller rent unities (15 – 1,930 m ?2;), by partition walls giving a high flexibility from that point of view.

Originally built in 1925, the building underwent major refurbishment in 1990. The owner and management company have maintained the building to a good standard.

The building lies in a central position in Aachen at a main road. The position is a preferential trade location for small and bigger businesses.

A Ltd Co. which is owner of the property will be sold.(Share deal) The Ltd Co. employes a management company (financed from the rent additional costs) who has held for many years the renting and management contract.

All tenants contracts are unlimited. In spite of a normal fluctuation the building is always fully tenanted on account of the - compared with the local-usual price - low rent prices of €3.32 m ?2;.

Potential increase in rental income which is currently €486,220 p.a from 12,184 sqm rentable area.

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Exchange rates 1 € = 1.47898 $ 1 € = 0.90680 £
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