Retail unit on the ground floor of the building.
The total area of the shop is 500 m².
The area on the ground floor is 350 m².
The area of the basement floor is 150 m².
The length of the facade is 10 m.
Absolute annual income is 236,250 €.
The current yield of 4.5%.
It is possible to obtain bank loan for 60% of the value of the project at 1.75% per annum.
The tenant of the unit is a clothing store.
The lease agreement is valid until 2023 and includes an extension option for 5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3,5%.
The brokerage fee is 7.14%.
Location and nearby infrastructure
The building is located in the central district. Public transport stops are situated in a close vicinity of the property. There are many sights of Munich located in proximity from the building.