Fitness center, Neuss, Germany

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Fitness center, Neuss, Germany

2,470,000 €
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Total area: 1,680 m² Yield: 8.5% Built in 1988
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Features
  • Operating Incomе: 209,950 €
  • Land area: 2,499 m²
  • Occupancy: 100%
  • Number of parking lots: 103
  • End of lease: 2033
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 4.8%

A modern building near the city center.

Description

The building was built in 1988 and now it is in good condition.

There is a parking for 103 cars on the territory of the fitness center.

Financial performance

Absolute annual income is 209,950 €.

The current yield of 8.5%. 

Tenants

The tenant is a large network of fitness centers, numbering more than 260 branches in 7 European countries.

The lease agreement is valid through 2033.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

Brokerage fee is 4.76%.

Location and nearby objects

The property is located in 4 km from the center of Neuss. Neuss is one of the oldest cities in Germany. The capital city of North Rhine-Westphalia, Düsseldorf, is located in a few kilometers from the property.

A supermarket, a pharmacy, a football field and a motorway exit are situated not far from the building.

More properties

If this property wasn’t for you, take a look at other retail property for sale in Germany.

You can see more retail property for sale in Neuss elsewhere on our website.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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