An office building in Wuppertal.
Description
A five-story office building.
The absolute annual income is 332,000 €.
The current yield of 6%.
Taking into account bank financing, the yield will be 8.8%.
The tenant is a German transport company with about 200,000 employees. The annual turnover of the company exceeds 30 billion euros.
The lease agreement is valid until 31.12.2032 with the right of prolongation for 10 years.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6,5%.
Brokerage fee is 6% + VAT 19% (total 7,14%).
The property is located in the very center of Wuppertal (Düsseldorf administrative district) with a population of more than 350,000 people.
The city hosts the European Institute of International Economic Relations (University of Wuppertal).
One of the main types of public transport in the city is a monorail suspension system on trestles, performing the function of the underground. Also there is a bus service, a railway station for suburban and long-distance trains in Wuppertal.
The city is a production site of the company Wera Tools — a well-known European manufacturer of professional tools.
The list of attractions and cultural values of the city includes the Wuppertal dance theater, a botanical garden, a town hall, a museum of trams.
