A renovated shopping center with a chain anchor tenant.
Description
The shopping center provides residents of nearby areas with dayly necessities and services. High attendance rate among local residents.
Absolute annual income is 176,778 €
Current yield is 7,69%
Rent, euro/m²: 6,64 €
Cost of euro/m²: 1036,04 €
Financing is possible at 1.9% per annum for a period of 10–20 years. 50% of equity is required.
Tenants:
- A large retail chain (anchor tenant) — lease agreement is valid until 31.12.2023
- Retail chain sub-tenants: meat shop, bakery, hairdresser
- Liquor store — lease agreement is valid until 30.05.2025
- Driving school
- Dental unit
- Toy store/games room
- Charitable organization
An anchor tenant is a large supermarket chain with more than 1,300 stores in 4 European countries. The annual turnover of the company is about 6 billion euros.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3,5%.
Brokerage fee 6% + 19% VAT (total 7.14%)
The property is located near Leipzig (less than 50 km).
Leipzig is the largest city of the federal state of Saxony with a population of 560,000 people. Over the past 5 years, 50,000 young people (the average age from 25 to 34 years) have migrated to Leipzig.
The number of jobs increased by 11.5% and the number of workers increased by 19.5%. The unemployment rate does not exceed 8.69%.
The purchasing power index is 89.31.
Leipzig/ Halle Intercontinental Airport is located in the city. It is considered the second largest cargo hub in Germany.
