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 infrastructure
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.
