Retail unit on the ground floor of the building.
Description
The total area of the shop is 580 m².
The area on the ground floor is 420 m².
The area of the basement floor is 160 m².
The length of the facade is 12 m.
Financial performance
Absolute annual income is 185,500 €.
The current yield of 5.3%.
Loan
It is possible to obtain bank loan for 60% of the value of the project at 1.75% per annum.
Tenants
The tenant of the unit is a clothing store.
The lease agreement is valid until 2022 and includes an extension option for 5 years.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3,5%.
The broker's fee of 6%.
Location and nearby infrastructure
The building is located in 15 minutes drive from the city center. All amenities and public transport stops are situated in a close vicinity of the property.
