Package of retail units in the suburb of Frankfurt, Hessen, Germany

Additional information is provided after the signing of an NDA

Package of retail units in the suburb of Frankfurt, Hessen, Germany

3,950,000 €
4,759 € /m²
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  • Total area
    830 m²
  • Yield
    3.8%
  • Built in 
    2013
Details
Property parameters
  • Number of parking lots: 10
Financial performance
  • Annual income: 149,000 €
Tenants
  • Fully let
  • End of lease: 2022
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Package of retail units on the ground floor of the building in the near suburb of Frankfurt (less than 10 km to the city center).

Description

The building was built in 2013.

There is an underground parking for 10 cars in the territory of the property.

Financial performance

Absolute annual income year is 149,000 €.

The current yield of 3.8%.

Tenants

The property has been rented by 4 tenants since 2014.

The lease agreement with one of the tenants is valid until 2022, the remaining contracts are prolongated annually.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.0%.

Brokerage fee is 5.95%.

Location and nearby infrastructure

The property is located on the main shopping street of the town with excellent passability. The population of the town is more than 30,000 people. Since 2011, the town has seen a steady increase in population due to its convenient location, good ecology and a high standard of living.

The distance to the center of Frankfurt is less than 10 kilometers.

More properties

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

All ads in the country: retail space for sale in Germany.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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