A detached building with retail premises.
Description
Total area of the building is 22,000 m²
The shopping center consists of 5 shops.
The building was built in 1994.
The purchase price of the property includes a parking for 696 cars.
This property is the largest shopping center in the city.
Financial performance
Absolute annual income is 2,985,371 €.
The current yield of 8.4%.
Tenants
The anchor tenant is one of the largest supermarket chains in Germany.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.5%.
The broker's fee of 4%.
Location
The shopping center is located in close vicinity of the motorway in one of the cities of the state of Thuringia. The population of the city is more than 50 thousand people.
