Well rented modern office building in thriving hightech industrial centre near Munich
Price: 3,700,000 euros
Yield / Rental / Maintenance field value: ca. 7.6%
This attractive modern office building is located in a commercial district, just ten kilometres north of Munich. The prosperous town is a dynamically growing centre for high tech industry and home to large office facilities of numerous international companies. The site enjoys very good public transport service and road connections. Two Autobahns cross nearby and it is only a 15 minute drive to Munich airport. The town's population is considerably younger and better educated than the German average.
Constructed in 1992, this four storey building, with lift, has 3125 sq. metres rental area plus a full basement. The plot size is 1880 sq metres.
Each airy and well-lit floor is divided into two office areas, separated by the central glass roofed stairwell. The structure has a high quality, entirely modern IT infrastructure, including, for instance, air conditioned server rooms in the basement and second floor that can be linked to every workstation in the building on a TP cat 5 ether network. Telephone and network cables use special sub-floor empty conduits. Twenty-one underground and 17 outside parking spaces are available.
Over the past years there has been a constant occupancy rate of from 90% to 100% (currently 93%). Net annual rental income is currently 282,000 euros plus VAT.