Shopping center, North Rhine-Westfalia, Germany

Additional information is provided after the signing of an NDA

Shopping center, North Rhine-Westfalia, Germany

7,744,000 €
1,210 € /m²
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  • Total area
    6,400 m²
  • Yield
    6.8 %
  • Rental rate (m²/month)
    6 €
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Details
Financial performance
  • Annual income: 525,000 €
Tenants
  • Occupancy: 100 %
  • End of lease: 2030
Transaction costs
  • 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 infrastructure

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.

  • Property on the map
    Location right down to the building, street or city

Statistics in Germany

Price per m², €
4,962
Healthcare efficiency level
74
Index 74 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
65
Index 65 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 4,962.39
Apartment in a bedroom community, m² 3,420.66
Transport Price, €
Public transport, 1 ride 2.7
Monthly travel card 70.0
Taxi, 1 km 2.0
Petrol, 1 l 1.41
Food Price, €
Water, 1.5 l 0.34
Milk, 1 l 0.71
White bread, 500 g 1.29
Eggs, a dozen 1.84
Chicken fillet, 1 kg 7.35
Education Price, €
Kindergarten, per month 309.39
International school, per year 14,421.73
Health care index
Staff competence 76.94
Medical equipment 89.26
Research accuracy and completeness 75.75
Attitude towards patients 68.17
Security index
Crime rate 34.26
The risk of being robbed 32.33
The risk of car theft 31.76
The risk of break-in and property damage 43.13

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

More properties

If this property wasn’t for you, take a look at other mixed-use buildings for sale in Germany.

You can see more mixed-use buildings for sale in North Rhine-Westphalia elsewhere on our website.

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Enquire about this mixed-use building
Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
  • Bank financing from 1.5% annually
  • Property, plot and construction site survey
  • Management company services
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