Shopping center, North Rhine-Westfalia, Germany

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Shopping center, North Rhine-Westfalia, Germany

7,744,000 €
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Total area: 6,400 m² Yield: 6.8%
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Features
  • Operating Incomе: 525,000 €
  • Occupancy: 100%
  • End of lease: 2030
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 4.8%

A stand-alone building.

Description

At the moment, the owner is carrying out the renovation and expanding the property, which will be completed in the middle of 2018.

After the completion of construction works, the total area of the building will be 6,400 m²

The purchase price of the property includes a ground-level parking.

Financial performance

Absolute annual income is 525,000 €.

The current yield of 6.8%.

Tenants

The current tenant is a building materials store chain. The lease agreement is valid until 01.11.2017.

The property will be fully leased out after the completion of the renovation.

The anchor tenant is a store chain. The lease agreement is signed for 12 years, the rented area is 4,300 m²

The anchor tenant is a pet store chain. The lease agreement is signed for 10 years, the rented area is 700 m²

The anchor tenant is a restaurant. The lease agreement is signed for 15 years, the rented area is 1,400 m²

The lease agreement stipulate the

indexation of the rental payment.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

The brokerage fee is 4.76%.

Location and nearby objects

The building is located on the street with high traffic, in the city with the ppulation of more than 50 thousand people. There are public transport stops situated in proximity. The city center is located within 5 minutes drive from the property.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in North Rhine-Westphalia
+44 17 4822 0039
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