Commercial property in Hannover, Germany, 10 826.67 sq.m

We present to your attention a logistics complex in the suburbs of Hanover (Lower Saxony). The facility was built in 1972 on a plot of land with an area of about 35,000 sq.m. The complex consists of 6 buildings.

In 2017-2020, the premises were modernized, floors and windows were replaced, new sectional doors and loading bridges were installed, and the roof was repaired. During the last repair, the building No. 5 was also completely renovated, so that it meets the latest energy standards. The office space is equipped with air conditioning. There is a potential to increase the area of storage facilities due to the construction of an additional hall.

At the moment, the facility is fully leased. A long-term lease agreement has been concluded, which provides for an annual indexation of rent. In 2020, it will amount to 316 068.93 euros/year, in 2021 — 374 802.20 euros/year, in 2022 — 395,917.20 euros/year, in 2023 — 419,717.54 euros/year.

Cost — 5 800 000 euros
The total area is 10,826.67 sq.m., including:
— office space area — 730.16 sq.m.
— warehouse area — 10,096.51 sq.m.
Rental income — 419,717.54 euros/year
Profitability — 7.23%

Hanover is the largest city in Lower Saxony. It is a major railway junction at the intersection of two highways Berlin—Amsterdam and Hamburg—Munich. The capacity of the passenger station is 250,000 people per day. Two federal highways pass through Hanover — A2/E30 and A7/E45. The city has a developed network of expressways. There is a bus station for intercity and international communications. Hanover-Langenhagen International Airport (HAJ) is connected to the main railway station of Hanover, as well as to the territory of the exhibition complex by S-Bahn train lines. In addition, river transport is developed in the city, the annual volume of traffic is 2.8 million tons.

If you are interested in this and other objects, you can submit a request. The employees of our company will contact you in the near future and will provide you with the objects corresponding to your request.

Do not miss the opportunity to purchase a logistics complex in the suburbs of Hanover!