Multifunctional center, Leipzig, Germany

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Multifunctional center, Leipzig, Germany

5,400,000 €
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Total area: 5,450 m² Yield: 7.7%
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Features
  • Operating Incomе: 415,836 €
  • Land area: 3,592 m²
  • 5-floor building
  • Occupancy: 96%
  • Number of parking lots: 95
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.0%

Multifunctional center in the largest district of Leipzig. 

Description

The property consists of two buildings and includes 26 retail premises on the ground floor, office space on the first and second floors and 16 apartments.

The trading area is 2,133 m².

The office area is 1,961 m².

The living area is 1,352 m².

There is parking for 95 cars in the territory of the property.

The building is in good condition.

Equipment

  • external wall insulation
  • balcony/ loggia/ terrace
  • heating system
  • elevator for people with disabilities

Financial performance

The absolute annual income is 415,836 €.

The current yield is 7.7%.

The projected annual income is 457,000 €.

The projected yield is 8.5%.

Tenants

The tenants are a supermarket, a bowling, a hairdresser, a restaurant, a flower shop, a bakery, a fruit store, and medical offices.

The leasing agreement with the supermarket is renewed every two years, and contracts with other tenants are also automatically prolonged.

Two office premises and an apartment with a total area of 220 m² are vacant.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 3,5%.

The brokerage fee is 4% + 19% VAT (in total 4,76%).

Location

The property is located in the Grünau district.

The purchasing power per capita is about 20,000 euros. The unemployment rate is steadily declining.

A convenient transport interchange combines road, rail and air transport nodes.

The property is located in a walking distance from the popular recreation area. There is a metro station opposite the building.

The center of the city can be reached in 15 minutes by car.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Leipzig
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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