A four-storey building with commercial premises.
Total area of the building is 5,300 m²
The commercial center consists of a hotel, a supermarket, two stores, a bakery and an office unit. Area of the hotel is 2,630 m²
The building was built in 2000.
The purchase price of the property includes parking for 90 cars. 30 parking lots are situated in the underground garage.
Type of transaction: Asset Deal or Share Deal.
Absolute annual income is 953,750 €.
The current yield of 6.2%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.5%.
The brokerage fee is 3.57%.
Location and nearby objects
The commercial center is located in the city of Lubeck, in proximity to the entrance to the motorway. There is a public transport stop located in front of the building. The city center is situated within few minutes drive.