Package of commercial units, Munich, Germany

Additional information is provided after the signing of an NDA

Package of commercial units, Munich, Germany

5,000,000 €
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Total area: 1,557 m² Yield: 6.0% Built in 1970
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Features
  • Operating Incomе: 299,774 €
  • Number of parking lots: 15
  • End of lease: 2024
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.0%
  • 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 299,774 €.

The current yield of 6%.

Tenants

The anchor tenants are beverage store of large retail chain (378 m²) and clothing discounter chain (614 m²). 

The lease agreement with the beverage store 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.

Full tenant list is available upon request.

The WALT is 4.7 years.

Transaction costs

Notary fee of 1.5%.

RE purchase tax of 3.5%.

The brokerage fee is 4% + 19% VAT (in total 4.76%).

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.

Statistics in Munich

Price per m², €
10,063
Healthcare efficiency level
80
Crime rate
17
Real estate Price, €
Apartment in the city centre, m² 10,062.5
Apartment in a bedroom community, m² 6,952.17
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 66.5
Taxi, 1 km 1.9
Petrol, 1 l 1.42
Food Price, €
Water, 1.5 l 0.53
Milk, 1 l 0.87
White bread, 500 g 1.37
Eggs, a dozen 2.07
Chicken fillet, 1 kg 7.34
Education Price, €
Kindergarten, per month 631.43
International school, per year 15,715.38
Health care index
Staff competence 82.2
Medical equipment 93.75
Research accuracy and completeness 82.5
Attitude towards patients 77.65
Security index
Crime rate 10.8
The risk of being robbed 12.14
The risk of car theft 14.33
The risk of break-in and property damage 22.13

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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Olga Starintseva
Real Estate Expert Tranio in Munich
+44 17 4822 0039
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