A shopping center with long-term leases.
Description
There are 5 commercial premises in the shopping center.
The current yield is 7%.
The whole area of the property is rented for a long-term.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
The brokerage fee is 6% + 19% VAT (in total 7.14%).
The property is located on one of the main shopping streets of the town with a population of more than 20 thousand people in the federal state of Lower Saxony.
Well-known chain stores are situated in close proximity to the building.
There is a branch of the bank, numerous retail stores, state institutions, a city park, as well as a public transport stop in a walking distance from the property.