Office for sale • 1523 m² without real estateBaumgartenstraße 7, , Bavaria

Below is the complete English translation of the text marked with the tag:

The versatile office and practice complex is located in the established commercial area Schwalbenfeld in Vilsbiburg. The original existing building has been supplemented by a modern extension of approximately 933 m², the construction of which began in 2019 and has now been fully completed.

The entire complex offers flexible usage options and is particularly suitable as a medical center, health center, therapy facility, corporate headquarters, training center, or for leasing to several commercial users.

Ground Floor

The ground floor of the extension, with its existing layout, is especially well suited for medical or therapeutic use. In total, 18 rooms are available which can be used, for example, as consultation, treatment, staff, office, or storage rooms.

In addition, there is a representative reception area with a front desk, a server room, and several sanitary facilities.

The usable area on the ground floor is approximately 318.57 m².

1st Floor

The 1st floor comprises another 18 rooms. This level is suitable for both office and administrative purposes as well as for medical or therapeutic facilities.

In three rooms, service shafts with connections for water and sewage have already been prepared. This makes the space particularly attractive for dentists, dermatologists, or other medical specialties.

Together with the ground floor, the possibility arises to use the entire complex as a medical center or health center with several independent specialist departments.

The usable area on the 1st floor is approximately 309.56 m².

2nd Floor

The 2nd floor is divided into four separate units. Each unit has its own bathroom or toilet and connections for the installation of a kitchen. They are suitable, among other things, as office, administrative, staff, or break rooms.

The sizes of the units are as follows:

• Unit 3: approx. 112.00 m²

• Unit 4: approx. 52.80 m²

• Unit 5: approx. 84.89 m²

• Unit 6: approx. 34.59 m²

The total usable area on the 2nd floor is approximately 305.31 m².

Existing Building

The older existing structure has an area of approximately 350 m² and is fully basemented. The additional basement and ancillary areas amount to approximately 240 m². The existing building also contains an operations manager’s apartment of about 130 m².

Thus, the total area of the existing building including the basement is approximately 590 m².

Site and Outdoor Area

The property covers approximately 3,350 m². On the property, numerous parking possibilities are available for employees, patients, customers, and visitors.

Furthermore, the size of the plot offers interesting additional development and construction potential.

The complex is currently completely vacant and can therefore be taken over, re-let, or adapted to the individual usage concept of the buyer on short notice without regard to existing rental agreements.

The property is located on Baumgartenstraße in the established commercial area Schwalbenfeld in Vilsbiburg. The location is characterized by a diverse mix of internationally operating industrial companies, technology and craft businesses, car dealerships, as well as numerous service companies.

In the immediate vicinity are, among others:

• Vögl Automobile, an authorized BMW and MINI dealer, at Baumgartenstraße 1

• Hammer Elektrotechnik at Baumgartenstraße 4

• Wackerbauer Feinmechanik at Baumgartenstraße 9

• The newly constructed Plant 2 of the internationally operating Flottweg SE at Baumgartenstraße 29

• HILLER, a globally active manufacturer of decanter centrifuges and separation technology systems, on nearby Schwalbenholzstraße

In addition, the headquarters of the internationally leading automotive supplier DRÄXLMAIER Group is located in Vilsbiburg. Flottweg and HILLER are also technology companies operating worldwide with a strong local presence. This corporate structure underlines the economic significance of Vilsbiburg and creates an attractive environment for further technology-oriented companies, IT firms, engineering and planning offices, medical facilities, as well as specialized service providers.

For medical or therapeutic use, the Vilsbiburg Clinic is also an important health facility in the city.

Transport Connections

Vilsbiburg is located at the junction of the federal highways B 299 and B 388. This provides good connections in the direction of Landshut, Dingolfing, Munich, Mühldorf, and Passau.

The approximate distances are:

• Landshut: approx. 20 km

• Dingolfing: approx. 30 km

• Landshut-Nord motorway junction (A 92): approx. 23 km

• Connection to the A 94: approx. 28 km

• Munich: approx. 80 km

• Vilsbiburg train station: approx. 2 km

There is a connection to regional rail traffic via the Landshut–Mühldorf line. Vilsbiburg is also integrated into the Munich Transport and Tariff Association.

Everyday shops, gastronomic offerings, gas stations, fitness facilities, and other service providers are located in the city center and partially in the immediate vicinity of the commercial area.

The combination of an established business environment, good regional transport connections, and numerous parking spaces directly at the property provides excellent conditions for employees, customers, patients, and visitors.

The versatile office and practice complex is located in the established commercial area Schwalbenfeld in Vilsbiburg. The original existing building has been complemented by a modern extension of approximately 933 m², the construction of which began in 2019 and has now been fully completed.

The entire building complex offers flexible usage possibilities and is particularly suitable as a medical center, health center, therapy facility, company headquarters, training center, or for leasing to several commercial users.

Ground Floor

The ground floor of the extension, with its current layout, is particularly well suited for medical or therapeutic purposes. In total, 18 rooms are available that can be used, for example, as consultation, treatment, staff, office, or storage rooms.

In addition, there is a representative reception area with a front desk, a server room, and several sanitary facilities.

The usable area on the ground floor is approximately 318.57 m².

1st Floor

The 1st floor contains another 18 rooms. This level is suitable for both office and administrative purposes as well as for medical or therapeutic facilities.

In three rooms, basement shafts with connections for water and sewage have already been pre-prepared. This makes the space particularly attractive for dentists, dermatologists, or other medical specialties.

Together with the ground floor, this offers the possibility to use the entire complex as a medical center or health center with several independent specialist departments.

The usable area on the 1st floor is approximately 309.56 m².

2nd Floor

The 2nd floor is divided into four separate units. Each unit has its own bathroom or toilet as well as connections for the installation of a kitchen. They are suitable, among other things, as office, administrative, staff, or break rooms.

The units have the following sizes:

• Unit 3: approx. 112.00 m²

• Unit 4: approx. 52.80 m²

• Unit 5: approx. 84.89 m²

• Unit 6: approx. 34.59 m²

The total usable area on the 2nd floor is approximately 305.31 m².

Existing Building

The older existing structure has an area of approximately 350 m² and is fully basemented. The additional basement and ancillary areas amount to approximately 240 m². The existing building also includes an operations manager’s apartment of about 130 m².

Thus, the total area of the existing building including the basement is approximately 590 m².

Site and Outdoor Area

The property covers approximately 3,350 m². On the property, numerous parking spaces are available for employees, patients, customers, and visitors.

Furthermore, the size of the plot offers interesting additional development and construction possibilities.

The building complex is currently completely vacant and can therefore be taken over, re-let, or adapted in accordance with the buyer’s individual usage concept without regard to existing rental agreements.

The purchase price for the entire complex, including the approximately 3,350 m² plot, is €1,750,000.

Price Allocation

• Purchase Price: €1,750,000

• Plot Area: approx. 3,350 m²

• Standard Land Value: €130/m²

• Calculated Land Value: approx. €435,500

• Above-ground Usable Area: approx. 1,283 m²

• Basement and Ancillary Areas: approx. 240 m²

• Total Area including Basement: approx. 1,523 m²

This results in the following values:

• Purchase Price per m² of Total Area: approx. €1,149/m²

• Purchase Price per m² of Above-ground Usable Area: approx. €1,364/m²

• Calculated Purchase Price Portion for the Buildings after Deducting the Land Value: approx. €1,314,500

• Building Price per m² of Total Area after Deducting the Land Value: approx. €863/m²

• Building Price per m² of Above-ground Usable Area after Deducting the Land Value: approx. €1,024/m²

The original asking price in 2022 was €4,500,000. The current purchase price is thus €2,750,000, or around 61% below the previous asking price.

Potential Rental and Yield Potential

The building complex is currently completely vacant and can be repositioned by the buyer and rented out either in full or by individual floors and units.

For a full rental of the approximately 1,153 m² of office and practice space as well as the approximately 130 m² operations manager’s apartment, the following scenarios are illustrative:

Cautious Scenario

• Office and Practice Space: €7.50/m²

• Operations Manager’s Apartment: €8.00/m²

• Possible Annual Net Rent: approx. €116,300

• Possible Gross Yield: approx. 6.6%

• Price Factor: approx. 15.0

Realistic Scenario

• Office and Practice Space: €8.50/m²

• Operations Manager’s Apartment: €9.00/m²

• Possible Annual Net Rent: approx. €131,700

• Possible Gross Yield: approx. 7.5%

• Price Factor: approx. 13.3

Optimized Scenario

• Office and Practice Space: €9.50/m²

• Operations Manager’s Apartment: €10.00/m²

• Possible Annual Net Rent: approx. €147,100

• Possible Gross Yield: approx. 8.4%

• Price Factor: approx. 11.9

In this calculation, potential rental income from the approximately 240 m² of basement and ancillary areas as well as from the numerous parking spaces has not yet been taken into account. Also, the additional development and construction potential of the plot is not included in the yield calculation.

This presentation serves as a non-binding example calculation for full occupancy. Costs for re-leasing, possible adaptation work, ancillary purchase costs, vacancy periods, and non-recoverable operating expenses are not taken into account. The operations manager’s apartment can only be leased or used in accordance with the approved usage.