A detached building with retail premises.
Description
Total area of the building is 18,488 m²
The shopping center consists of 45 shops.
The building was built in 1992.
The purchase price of the property includes a parking for 480 cars.
This property is the largest shopping center in the city.
Financial performance
Absolute annual income is 894,292 €.
The current yield of 6.6%.
Tenants
Anchor tenants are a large building material store chain and two supermarket chains.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
The broker's fee of 4%.
Location
The shopping center is situated in close vicinity of the motorway in one of the cities of the state of Mecklenburg-West Pommerania. The population of the city is more than 5 thousand people.
