Four-storey building with commercial premises.
Total area of the property is 11,603 m²
Lettable area of the property is 5,048 m²
The shopping center was built in 1978 and renovated in 2017.
The ground and the first floors include retail premises. The second the third floors are comprised of parking for 265 cars. The area of the parking is 6,555 m²
Absolute annual income is 532,724 €.
The current yield of 7%. It is a high level of yield for the central part of the city.
The anchor tenants are department store, clothing store, supermarket and gym.
New lease agreements were signed for 10 years in 2017.
Notary fee of 1.5%.
RE purchase tax of 6%.
The brokerage fee is 4.76%.
Location and nearby objects
The property is situated in the center of the city, which is located in the state of Hessen. There is a railway station located within 5 minutes drive from the shopping center. Population of the city is 55 thousand people.