Shopping center with yield of 7.2%, Saxony-Anhalt, Germany

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Shopping center with yield of 7.2%, Saxony-Anhalt, Germany

36,600,000 €
1,303 € /m²
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  • Total area
    28,068 m²
  • Yield
    7.2 %
  • Rental rate (m²/month)
    7 €
  • Built in 
    1994
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Details
Property parameters
  • Land area: 76,938 m²
  • Number of parking lots: 950
Financial performance
  • Annual income: 2,652,512 €
Tenants
  • Occupancy: 81 %
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 5.0 %
  • Broker: 4.8 %

Retail premises in the detached building.

Description

Total area of the property is 28,068 m²

Shopping center comprised of 37 retail units.

The purchase price of the property includes parking for 950 cars.

The building was built in 1994.

81% of total area are leased out.

Financial performance

Absolute annual income is 2,652,512 €.

The current yield of 7.2%.

Projected absolute annual income is 3,250,818 €.

The projected yield of 8.9%.

Tenants

The anchor tenant is a supermarket chain.

Weighted Average Lease Term is 5 years.

Transaction costs

Notary fee of 1.5%.

RE purchase tax of 3.5%.

The broker's fee of 4.76%.

Location and nearby infrastructure

The shopping center is situated close to the accessway to motorway, within 10 minutes drive to the city center. The population of the city is more than 70 thousand people.

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    Location right down to the building, street or city

Statistics in Germany

Price per m², €
4,962
Healthcare efficiency level
74
Index 74 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
65
Index 65 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 4,962.39
Apartment in a bedroom community, m² 3,420.66
Transport Price, €
Public transport, 1 ride 2.7
Monthly travel card 70.0
Taxi, 1 km 2.0
Petrol, 1 l 1.41
Food Price, €
Water, 1.5 l 0.34
Milk, 1 l 0.71
White bread, 500 g 1.29
Eggs, a dozen 1.84
Chicken fillet, 1 kg 7.35
Education Price, €
Kindergarten, per month 309.39
International school, per year 14,421.73
Health care index
Staff competence 76.94
Medical equipment 89.26
Research accuracy and completeness 75.75
Attitude towards patients 68.17
Security index
Crime rate 34.26
The risk of being robbed 32.33
The risk of car theft 31.76
The risk of break-in and property damage 43.13

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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If this property wasn’t for you, take a look at other mixed-use buildings for sale in Germany.

You can see more mixed-use buildings for sale in Saxony-Anhalt elsewhere on our website.

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Julia Morozova
Julia Morozova
Project Manager at Tranio.Com Capital Markets Department
+44 17 4822 0039
  • Bank financing from 1.5% annually
  • Property, plot and construction site survey
  • Management company services
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