Multifunctional сenter, Rhineland-Palatinatee, Germany

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Multifunctional сenter, Rhineland-Palatinatee, Germany

11,650,000 €
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Total area: 4,860 m² Yield: 5.8% Built in 1996
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Features
  • Operating Incomе: 674,091 €
  • Land area: 1,927 m²
  • 5-floor building
  • Occupancy: 100%
  • Number of parking lots: 15
  • Most recent total renovation: 2005
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 3.0%

A multifunctional center with underground parking.

Description

The property includes retail, office, living quarters, as well as a medical center.

The retail area is 3,766 m².

The area of offices is 860 m².

The area of the underground garage is 209 m².

The energy consumption: 50 kWh/ m².

Equipment

  • elevators
  • stairs
  • two escalators
  • ventilation
  • air conditioning system

Financial performance

The absolute annual income is 674,091 €.

The current yield of 5,8%.

Tenants

The object is leased by several companies.

The anchor tenants are: a large European retail chain of bookstores (more than 200 shops in Germany) and an international pharmacy retail chain (more than 1600 pharmacies in the world).

Transaction costs

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

Acquisition tax is 5,0%.

Brokerage fee is 3% + VAT 19% (total 3,57%).

Location

The property is located in the center of the pedestrian zone of the town with the population of about 100,000 people in the southwest of the Rhineland-Palatinate land.

The city is a modern center of information and communication technologies. There is a well-known university, as well as a technical college and many research institutes here.

The list of interesting places and attractions of the city includes several shopping areas that are open only for pedestrians, with a wide variety of restaurants and bars, botanical gardens, a theater, museums, a large swimming pool. 

The property is located in the area of the city with developed infrastructure. The are shops, restaurants, cafes, banks, cinemas, a supermarket, a bakery, a hairdresser, a pharmacy in a walking distance

The distance to the cities of Mannheim and Saarbruecken is about 70 km, to Frankfurt — about 120 km.

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Anatoliy Onufriev
Anatoliy Onufriev
Real Estate Expert Tranio in Rhineland-Palatinate
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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