Commercial center, Essen, Germany

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Commercial center, Essen, Germany

6,450,000 €
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Total area: 3,974 m² Yield: 6.9% Built in 1992
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Features
  • Operating Incomе: 445,000 €
  • Land area: 5,472 m²
  • 4-floor building
  • Occupancy: 100%
  • Number of parking lots: 78
  • Most recent total renovation: 2016
  • End of lease: 2028
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 4.8%

A multifunctional building.

Description

The commercial center consists of 11 offices and a supermarket on the ground floor if the building.

The area of a retail unit is 1,110 m².

The area of the office premises is 2,864 m².

The cost of the property includes a parking for 78 cars.

The building was built in 1992 and renovated in 2016.

All premises are rented.

Financial performance

Absolute annual income is 445,000 €.

The current yield of 6.9%.

Tenants

The anchor tenant is a large supermarket chain with more than 4 thousand branches in Germany and about 70 thousand employees. The company's turnover is more than 11 billion euros per year.

The lease agreement is valid through October 2028 and includes extension options for 6x3 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

The brokerage fee is 4.76%.

Location

The commercial center is located in the southern part of Essen. One of the main shopping streets of the city and the public transport stops are situated in a several-minute walk from the building. A motorway exit is located nearby.

Statistics in Essen

Price per m², €
2,150
Healthcare efficiency level
83
Crime rate
43
Real estate Price, €
Apartment in the city centre, m² 2,150.0
Apartment in a bedroom community, m² 760.0
Transport Price, €
Public transport, 1 ride 2.8
Monthly travel card 81.0
Taxi, 1 km 2.0
Petrol, 1 l 1.38
Food Price, €
Water, 1.5 l 0.22
Milk, 1 l 0.68
White bread, 500 g 1.04
Eggs, a dozen 1.46
Chicken fillet, 1 kg 7.03
Education Price, €
International school, per year 16,000.0
Health care index
Staff competence 87.5
Medical equipment 100.0
Research accuracy and completeness 87.5
Attitude towards patients 62.5
Security index
Crime rate 47.73
The risk of being robbed 36.36
The risk of car theft 36.36
The risk of break-in and property damage 54.55

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

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+44 17 4822 0039
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