A building with commercial and office units.
Description
The total area of the property is 3,861 m².
The total land area is 1,100 m².
The building consists of retail units and offices.
The retail units have recently been renovated (2016–2017).
There is an agreement for the reconstruction the floor with an office space.
Deal structure:
Asset Deal.
The annual net income is 400,584 €.
The current yield of 6%.
An anchor tenant is a chain restaurant.
The lease agreement is valid for 10 years.
The other tenants are clothing and footwear shops.
Notary (state registration) is 1.5–2%.
Acquisition tax is — 5%.
Brokerage fee is — 3.57%.
The object is located in the state of Rhineland-Palatinate, in a city with a population of about 80 thousand people.
Rhineland-Palatinate is a land in the southwestern part of Germany, bordering Belgium, France and Luxembourg. The capital is the city of Mainz.
Rhineland-Palatinate is one of the most developed federal states in Germany. The headquarters of leading German publishing offices, the largest division of BASF and other industrial giants, are based here.
