A shopping center with famous retail chains as tenants.
A 3-storey building includes:
- street retail (3,740 m²)
- offices (3,130 m²)
- technical rooms (345 m²)
The absolute annual income is 713,011 €.
The current yield of 7,6%.
The property is fully leased.
The anchor tenants are:
- a large supermarket chain with more than 3,000 stores in Germany. The annual turnover of the company exceeds 51 billion euros.
- a chain of discount stores with more than 10,000 shops in the world. The annual turnover of the company exceeds 50 billion euros.
- one of the world's largest chain of fast food restaurants
19 lease agreements with the possibility of indexing are concluded.
The WALT is 6 years.
A full list of tenants is available on request.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6,5%.
Brokerage fee is 4% + VAT 19% (total 7,76%).
The property is located in a residential area in the center of Essen. The city is located in the Ruhr area (the Rhine-Ruhr region).
Essen has about 590,000 inhabitants and is the 4th largest city in the state of North Rhine-Westphalia and the 9th in the list of major German cities by population.
Essen is the city with a high-tech industry and excellent infrastructure. There are 6 universities and about 25 scientific research institutions here.
There is a suburban electric train station and a bus stop in close proximity of the shopping center.
The distance to:
- metro station — 1.6 km
- university — 1.7 km
- city center — 1.9 km
- federal road — 1.0 km
- central railway station — 2.5 km