Two shopping centers, Brandenburg, Germany

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Two shopping centers, Brandenburg, Germany

15,000,000 €
978 € /m²
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  • Total area
    15,324 m²
  • Yield
    7.2%
  • Built in 
    1994
Details
Financial performance
  • Annual income: 1,076,487 €
Transaction costs
  • Notary (state registration): 2.0%
  • Broker: 6.0% + VAT

Two shopping centers in the city center.

Description

The area of the first shopping center is 9,571 m².

The building was built in 1994, and now it is in good condition.

The area of the second shopping center is 5,753 m².

The building was built in 1998. It is also in good condition, it's possible to renovate the facade.

Transaction type: Share Deal

Financial performance

Absolute annual income is 1,076,487 €.

The current yield of 7.2%.

Tenants

The anchor tenant of the first shopping center is a large network of hypermarkets, numbering more than 1,000 stores in 7 European countries. The company employs more than 70 thousand employees.

There are 16 tenants in the building.

The WALT is 6.7 years.

The anchor tenant of the second shopping center is a large supermarket chain with more than 400 stores in 5 European countries. The company employs more than 7 thousand employees.

There are 16 tenants in the building.

The WALT is 2.2 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Brokerage fee is 5.95%.

Location

The property is located in the center of the town with a population of more than 40 thousand people in the federal state of Brandenburg. The town is located in 30 km from Berlin. Public transport stops, shops and cafes are situated in a walking distance from the buildings.

More properties

If this ad doesn't suit you, have a look at the other shopping centers for sale in Brandenburg.

All ads in the country: shopping centers for sale in Germany.

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