Shopping center, residential and office building + warehouse and basement rooms.
Living area: 1,569 m²
Commercial area: 7,016 m² (6 floors)
30 of the 50 parking spaces are the underground parking lots.
Absolute annual income is 951,000 €
Current yield is 6,77%
Rent, euro/m²: 9,23 €
Cost of euro/m²: 1636,58 €
Financing is possible at 1.9% per annum for a period of 10–20 years. 50% of equity is required.
Tenants: reputable retailers, doctors, administrative institutions.
The main tenants are:
- A large retail chain of cosmetics and hygiene products, as well as perfume, haberdashery and pharmacy products with more than 3,000 branches in 5 European countries. The annual turnover of the company exceeds 8 billion euros. Lease agreement is valid until 30.06.2031
- Optics store — the European market leader
- Retail textile stores with branches in Germany and Austria
- Federal Agency for Radiation Safety
A full list of tenants is available on request.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
Brokerage fee 6% + 19% VAT (total 7.14%)
Location and nearby infrastructure
The facility is located in the city of Salzgitter with a population of more than 100,000 people in the southeast of Lower Saxony. The nearest metropolises are Braunschweig, about 23 kilometers to the north-east and Hanover, about 51 kilometers to the north-west.
Lower Saxony is situated in northwestern Germany. It is the second largest state and fourth largest in population (7.9 million). Lower Saxony's major cities and economic centres are mainly situated in its central and southern parts.