Shopping center, Hessen, Germany

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Shopping center, Hessen, Germany

7,615,000 €
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Total area: 11,603 m² Yield: 7.0% Built in 1978
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Features
  • Operating Incomе: 532,724 €
  • Land area: 3,500 m²
  • 4-floor building
  • Most recent total renovation: 2017
  • Leasable area: 5,048 m²
  • End of lease: 2027
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 4.8%

Four-storey building with commercial premises.

Description

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

Financial performance

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.

Tenants

The anchor tenants are department store, clothing store, supermarket and gym.

New lease agreements were signed for 10 years in 2017.

Transaction costs

Notary fee of 1.5%.

RE purchase tax of 6%.

The brokerage fee is 4.76%.

Location

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.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Hessen
+44 20 3608 1267
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