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 €
3,211 € /m²
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  • Total area
    1,557 m²
  • Yield
    6.0 %
  • Rental rate (m²/month)
    16 €
  • Built in 
    1970
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Details
Property parameters
  • Number of parking lots: 15
Financial performance
  • Annual income: 299,774 €
Tenants
  • End of lease: 2024
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.5 %
  • Broker: 4.0 %
Features
  • 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 infrastructure

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, €
10,093
Healthcare efficiency level
78
Index 78 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
84
Index 84 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 10,092.59
Apartment in a bedroom community, m² 7,096.3
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 66.6
Taxi, 1 km 1.9
Petrol, 1 l 1.45
Food Price, €
Water, 1.5 l 0.56
Milk, 1 l 0.9
White bread, 500 g 1.44
Eggs, a dozen 2.27
Chicken fillet, 1 kg 7.95
Education Price, €
Kindergarten, per month 622.4
International school, per year 14,350.0
Health care index
Staff competence 78.75
Medical equipment 91.67
Research accuracy and completeness 80.82
Attitude towards patients 74.69
Security index
Crime rate 10.77
The risk of being robbed 11.56
The risk of car theft 14.03
The risk of break-in and property damage 21.88

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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Artem Ezhkov
Artem Ezhkov
Investment Consultant
+44 17 4822 0039
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