Fitness center, North Rhine-Westfalia, Germany

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Fitness center, North Rhine-Westfalia, Germany

1,941,000 €
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Total area: 1,650 m² Yield: 8.5% Built in 1980
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Features
  • Operating Incomе: 164,999 €
  • Land area: 2,973 m²
  • Occupancy: 100%
  • Number of parking lots: 51
  • Most recent total renovation: 2001
  • End of lease: 2033
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 4.8%

A modern building near the center of the town.

Description

The building was built in 1980 and completely renovated in 2001.

There is a parking for 51 cars on the territory of the fitness center.

Financial performance

Absolute annual income is 164,999 €.

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 fitness center is located in the suburb of Düsseldorf. The population of the town is more than 40 thousand people. The center of Düsseldorf is in 15 km from the property.

Cafes, shops, a swimming pool 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.

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Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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