Investment real estate in Germany. A working store with warehouses in Hanover.
Object code is 9046
Type - Commercial
Price - 795,000 €
Price per sq.m. - 1154 €
Year of construction - 1960
Year of modernization - 2013
Usable area - 689 m2
Commercial / residential units - 1
Object status - Leased
The annual income is € 100,900
Yield - 12.7 %
Registration services * - 56,763 €
Court costs * - 9461 €
Property purchase tax * - 47700 €
State duty (entry in the register) * - 200 €
Price including additional costs * - 909.124 €
* Data on the cost of services are not final and may change in one direction or another depending on the regional tariffs of the municipality and the notary.
A working store with warehouses in Hanover.
The proposed facility is located in Lower Saxony, in a well-developed and well-kept area, a 10-minute drive from the heart of Hanover.
This property is located on a busy city street, on the ground floor of an apartment building.
In the immediate vicinity of the facility are a school, kindergarten, branches of several large German retail chains and other necessary infrastructure for life.
According to the seller, the facility has been regularly repaired and necessary upgrades, so it is in excellent working condition and fully complies with regulatory requirements.
This facility has a specially equipped commercial premises, including a trade hall, utility, administrative and domestic premises, an elevator, which has been leased to a large international company since 1999 and currently brings in more than € 60,000 per year.
The lease is valid until 2024 and can be extended.
Retail space with a total area of 689 m2 is divided into:
• first floor 488 m2
• basement 201 m2
The facility has six parking spaces.
The store has an air conditioning system.
Heating - central gas.
Windows - plastic with insulated glazing.
Floors - tile.
The new owner can dispose of the property at his own discretion - to manage the property himself or to find a responsible manager.
Based on the average rental cost in the region, with proper management and rental, this property can bring in more than 100,000 euros of annual income.
Our company is ready to provide all the necessary services for negotiations with the seller-owner, competent legal registration and after-sales management of the object.
Including on registration of the possible residence permit.
Distance to int. Hanover airport: 12 km (approx. 20 min by car)
Distance from Bremen: 120 km (approx. 1 hour 20 minutes by car)
Distance to int. Hamburg airport: 160 km (approx. 1 hour 30 minutes by car)
Hanover - the administrative center of the state of Lower Saxony in the Federal Republic of Germany, a city with a population of more than 600,000 people, is a major transport and industrial hub in Germany.
According to the results of the analysis of residential real estate for the last 5-10 years, Hanover ranks first in the ratio of the cost and rent of objects to the resulting yield.
Hanover is a major railway junction at the crossroads from south to north and from east to west. The capacity of the passenger station is 250 thousand people per day (including visitors to the shopping center located in the station building). 686 trains depart daily, of which approximately 64 are high-speed ICE Deutsche Bahn trains. Suburban communication is developed: the S-Bahn intercity railway provides a direct connection between the international airport and the exhibition complex.
Hanover-Langenhagen International Airport (HAJ) is connected to Hanover Central Station, as well as to the exhibition complex by S-Bahn train lines and air connections with many CIS cities.
The city is located at the intersection of two highways Berlin - Amsterdam and Hamburg - Munich.
Suburban communication is developed here: the S-Bahn intercity railway provides a direct connection between Hanover-Langenhagen International Airport (HAJ) and the exhibition complex.
Exhibitions in Hanover are held every month and attract millions of visitors from around the world.
Hanover is known for its many plants and factories.
Volkswagen Automobile Concern, Continental, a well-known tire manufacturer, Komatsu Hanomag, a manufacturer of industrial machines and robots, Varta, a world-renowned manufacturer of batteries and accumulators, TUI Travel and many other companies, make Hanover an attractive city for both investment and residence.
Many educational institutions - the University of Hanover, the Medical School, vocational schools and academies provide unlimited opportunities for the younger generation to obtain qualified specialties and professions.