Shopping center, Thuringia, Germany

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Shopping center, Thuringia, Germany

9,150,000 €
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Total area: 18,068 m² Yield: 8.1% Built in 1994
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Features
  • Operating Incomе: 747,757 €
  • Land area: 24,485 m²
  • Occupancy: 100%
  • Number of parking lots: 324
  • Most recent total renovation: 2009
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 3.0%

A shopping center with a parking.

Description

The sales area is 15,500 m².

Equipment

  • elevator
  • central heating

Financial performance

The absolute annual income is 747,757 €.

The current yield of 8,1%.

Tenants

The anchor tenants are:

  • one of the largest sellers of furniture and household goods in Germany
  • European clothing retail chain, numbering more than 180 stores
  • a large retail network of toy stores, numbering more than 60 branches

Transaction costs

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

Acquisition tax is 6,5%.

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

Location

The shopping center is located in a town with the population more than 95,000 inhabitants in the eastern part of Thuringia.

The town is a regional trade center, there is also a machine building enterprise and a medical university.

The property is located 6 km north of the town, 4 km away from the motorway, within walking distance of the residential area.

There is a large supermarket, public transport stops, a bakery, a car wash, a gas station, a garage in a close proximity to the shopping center.

The distance to Zwickau is about 40 km, to Leipzig — about 60 km, to Chemnitz — about 70 km, to Erfurt — 80 km.

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Irina Kunitsyna
Irina Kunitsyna
Real Estate Expert Tranio in Thuringen
+44 20 3608 1267
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