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ID 228322
For POA

PROPERTY FEATURES

Indoor Facilities
Outdoor Facilities

Description

A bank building with a Class AAA tenant.

There are 13,500 inhabitants in the city. The large university city of Neidelberg with 160,000 inhabitants is 10 kilometres away.

An S-Bahn line runs between the cities.

Following the merger of several branches, the bank has become the central bank of the region. The institution occupies a prime location in the city centre.

The bank building from 1997 is in excellent condition. The building is characterised by an expensive stone façade and an elaborate roof structure with a large proportion of glazing. 

The building has 5 floors and a rentable area of 2,255 square meters.

At the time of sale, the bank will sign a new lease for 1,755.34 sqm for a 10-year renewable term.

The remaining 499.66 sqm on the upper floors will be leased to a solvent tenant.

Details on request after submission of LOI.

Highlights:

  • Rental payments per annum €247,775
  • Base profitability of 5.89%
  • Leverage of the financing bank 70%
  • Lease payments 100%
  • Brokerage fee: 6% + VAT