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Multi tenanted office investment

Ballerup, Denmark

80%

€13.450.000

Office

#13032

Core+

28 Oct 2024

Property Details

Broker

For sale

11,894 m²

Gross area

1,130 €/m²

5.70 %

12

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Well-let multi tenanted office investment opportunity in greater Copenhagen. Successful landlord owned and managed office hotel (The Energy Hub) comprising 430 work stations. High occupancy level of approximately 95% by floor area excluding basement. The net operating income is split approximately 80% Energy Hub and 20% standard Danish leases. Net operating income annually indexed to NPI between 1% and 4% (currently averaging approximately 2.5% per annum). Significant capital expenditure over recent years to modernise and improve the building. High demand for Energy Hub work stations. Growth in net operating income through standardisation of older Energy Hub tenancies to current work station rates. Low churn rate of Energy Hub tenancies. Attractive car parking provision, popular canteen facility, basement storage and tenant changing facilities. Excellent road, rail (S Train) and bus connections providing easy access/commute to Central Copenhagen. Building Gross Area of 11,894 sqm. Current Net Operating Income DKK 5,671,628. Net Operating Income (100% let) DKK 7,769,228. Reversionary Net Operating Income DKK 8,265,410.