Package of commercial units, Munich, Germany

Additional information is provided after the signing of an NDA

Package of commercial units, Munich, Germany

5,535,000 €
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Total area: 1,557 m² Yield: 4.5% Built in 1970
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Features
  • Operating Incomе: 249,300 €
  • Number of parking lots: 15
  • End of lease: 2025
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.6%
  • Street retail

Eight retail premises.

Description

Total area is 1,557 m²

Retail area is 1,312 m²

Ancillary area — 245 m²

The package consists of 8 retail units. The purcgase price of the package includes 15 parking lots in the underground garage.

At the moment, 1 retail unit and 8 parking lots are vacant.

The retail units are situated on the ground floor of the residential complex. The building was built in 1970.

All premises are in good condition.

Financial performance

Absolute annual income is 249,300 €.

The current yield of 4.5%.

Projected absolute annual income is 286,060 €.

The projected yield of 5.2%.

Tenants

The anchor tenants are large supermarket chain and clothing discounter chain. 

The lease agreement with the supermarket chain is valid through 2025 and includes extension options for 3x3 years.

The lease agreement with the clothing discounter chain is valid through 2024 and includes extension options for 3x5 years.

Transaction costs

Notary fee of 1.5%.

RE purchase tax of 3.5%.

The brokerage fee is 3.57%.

Location and nearby objects

The package of retail units is situated in a prestigious area in the northern part of the city. There are park, hotels, theatres, public transport and Metro station located within walking distance.

More properties

If this property wasn’t for you, take a look at other supermarkets for sale in Germany.

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Enquire about this supermarket
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services