Shopping center, Thuringia, Germany

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Shopping center, Thuringia, Germany

10,500,000 €
582 € /m²
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  • Total area
    18,027 m²
  • Yield
    7.0 %
  • Rental rate (m²/month)
    3 €
  • Built in 
    1994
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Details
Property parameters
  • Land area: 24,485 m²
  • Number of parking lots: 324
Financial performance
  • Annual income: 729,757 €
Tenants
  • Occupancy: 70 %
Object status
  • Most recent total renovation: 2009
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.5 %
  • Broker: 4.0 %

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 729,757 €.

The current yield of 7.0%.

Tenants

The anchor tenants are:

  • one of the largest sellers of furniture and household goods in Germany — lease agreement valid until 2024
  • European clothing retail chain, numbering more than 180 stores — lease agreement valid until 2025
  • a large retail network of toy stores, numbering more than 60 branches — lease agreement valid until 31.12.2019

Transaction costs

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

Acquisition tax is 6,5%.

Brokerage fee is 4% + VAT 19% (total 4,76%).

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.

  • Property on the map
    Location right down to the building, street or city

Statistics in Germany

Price per m², €
4,962
Healthcare efficiency level
74
Index 74 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
65
Index 65 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 4,962.39
Apartment in a bedroom community, m² 3,420.66
Transport Price, €
Public transport, 1 ride 2.7
Monthly travel card 70.0
Taxi, 1 km 2.0
Petrol, 1 l 1.41
Food Price, €
Water, 1.5 l 0.34
Milk, 1 l 0.71
White bread, 500 g 1.29
Eggs, a dozen 1.84
Chicken fillet, 1 kg 7.35
Education Price, €
Kindergarten, per month 309.39
International school, per year 14,421.73
Health care index
Staff competence 76.94
Medical equipment 89.26
Research accuracy and completeness 75.75
Attitude towards patients 68.17
Security index
Crime rate 34.26
The risk of being robbed 32.33
The risk of car theft 31.76
The risk of break-in and property damage 43.13

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
  • Bank financing from 1.5% annually
  • Property, plot and construction site survey
  • Management company services
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