Shop, Saxony, Germany

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Shop, Saxony, Germany

1,000,000 €
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Total area: 650 m² Yield: 7.4% Built in 2003
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Features
  • Operating Incomе: 74,204 €
  • Land area: 2,364 m²
  • Occupancy: 100%
  • End of lease: 2025
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0%

Shop in a good condition.

Description

The total area of the property is 650 m².

The property was built in 2003.

Financial performance

Absolute annual income is 74,204 €.

The current yield of 7.4%. 

Tenants

An anchor tenant is a chain of clothing stores, numbering more than 2 thousand branches in Europe.

The contract is signed till 31.12.2015.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

Brokerage fee is 6% + 19% VAT (in total 7.14%).

Location

The property is located in the federal state of Saxony, in a town with a population of 20,000 people.

The distance to Dresden is 111 km.

More properties

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

You can see more retail space for sale in Saxony elsewhere on our website.

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Enquire about this shop
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services