Commercial center, Lower Saxony, Germany

Additional information is provided after the signing of an NDA

Commercial center, Lower Saxony, Germany

5,750,000 €
Mortgage calculator
Send a request
Total area: 3,974 m² Yield: 7.1% Built in 2005
Send a request
Features
  • Operating Incomе: 405,158 €
  • Land area: 9,215 m²
  • Occupancy: 100%
  • Number of parking lots: 118
  • End of lease: 2029
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 7.14%

The building with retail and office units and an apartment.

Description

The property was built in 2005.

There is a parking for 118 cars in the territory of the commercial center.

Financial performance

Absolute annual income is 405,158 €.

The current yield of 7.1%. 

Tenants

An anchor tenant is a large supermarket chain with more than 4,000 stores in Germany. The annual turnover of the company exceeds 12 billion euros.

The lease agreement is valid through 8.11.2029.

The other tenants are: 

  • a bank, the lease agreement is valid through 15.11.2018,
  • a shoes shop, the lease agreement is valid through 9.10.2026, 
  • a jeans shop, the lease agreement is valid through 31.12.2019, 
  • a hotel with 10 rooms, the lease agreement is valid through 31.10.2018, 
  • a zoo shop, the lease agreement is valid through 10.05.2026,
  • a restaurant, the lease agreement is valid through 31.10.2019, 
  • a dance school, the lease agreement is valid through 29.10.2021.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 5.0%.

Brokerage fee is 7.14%.

Location and nearby objects

The property is located in a port city with a population of more than 50 thousand people in the federal state of Lower Saxony, in the north-west of Germany.

More properties

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

You can see more mix used buildings for sale in Lower Saxony elsewhere on our website.

Similar listings

We select ads that may interest you.

Enquire about this mix used building
Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 17 4822 0039
Send a request
    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services