Shopping center, Lower Saxony, Germany

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Shopping center, Lower Saxony, Germany

14,050,000 €
1,636 € /m²
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  • Total area
    8,585 m²
  • Yield
    6.77 %
  • Rental rate (m²/month)
    9 €
  • Built in 
    1985
Details
Property parameters
  • Land area: 5,525 m²
  • Number of parking lots: 50
Financial performance
  • Annual income: 951,000 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 5.0 %
  • Broker: 6.0 %

Shopping center, residential and office building + warehouse and basement rooms.

Description

Living area: 1,569 m²

Commercial area: 7,016 m² (6 floors)

30 of the 50 parking spaces are the underground parking lots.

Financial performance

Absolute annual income is 951,000 €

Current yield is 6,77%

Rent, euro/m²: 9,23 €

Cost of euro/m²: 1636,58 €

Loan

Financing is possible at 1.9% per annum for a period of 10–20 years. 50% of equity is required.

Tenants

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.

Transaction costs

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.

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

More properties

If this property wasn’t for you, take a look at other mixed-use buildings for sale in Germany.

You can see more mixed-use buildings for sale in Lower Saxony elsewhere on our website.

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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Anna Kurianovich
Anna Kurianovich
Investment consultant in Lower Saxony
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