Investment 2 255 m² in Detmold, Germany

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