Building with commercial areas and a gas station.
Description
The property was built in 1976 and was renovated in 2004.
Currently the free area for rent is 468 m².
It is possible to rent a space for a warehouse/advertising.
There is a parking for 151 cars in the territory of the shopping center.
Absolute annual income is 747,269 €.
The current yield of 7.3%.
The anchor tenant is a chain supermarket REWE.
The lease agreement is valid until 2023 with extension options of 3x5 years.
Notary (state registration) is 1.5–2%.
Acquisition tax is 6.5%.
Brokerage fee is 4.76%.
The property is located in a district town (66,000 people) in the federal state of North Rhine-Westphalia.
North Rhine-Westphalia is the land of the Federal Republic of Germany with a population of 17.5 million people (the most populated of the German lands). It ranks 4th in Germany in terms of area.
22% of Germany’s GDP comes from NRW. The main industry in NRW is engineering and equipment manufacturing, biotechnology, chemical industry, and etc.
North Rhine-Westphalia is the center of trade in Germany, because it houses the headquarters of several leading German trading concerns with the largest turnover, for example, Deutsche Telekom AG, ALDI NORD, Die Deutsche Post, Bayer, Lufthansa Group, REWE. DE.
