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
    5.0%
  • Built in 
    1970
Details
Property parameters
  • Number of parking lots: 15
Tenants
  • End of lease: 2024
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.0% + VAT
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

The current yield of 5%.

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.

More properties

If this ad doesn't suit you, have a look at the other supermarkets for sale in Munich.

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    Marina Filichkina
    Marina Filichkina,
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