A shopping mall with large retail chains as tenants in the state of Mecklenburg-Western Pomerania.
The total area of the property is 2044 m².
The property was built in 2000 and expanded in 2007.
The absolute annual income is 187,650 €.
The current yield is 7.7%.
The anchor tenant is a chain discounter.
The lease agreement is valid until November 2019 + extension option 1x3 years.
The tenants also include:
- A chain clothing store. The lease agreement is valid until August 2021.
- A butcher shop, a bakery and a cafe.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5.0%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
The shopping center is located in a town with 10 thousand population, in the federal state of Mecklenburg-Western Pomerania.
The property is located west of the town center along the main access road and is easily visible. Berlin Autobahn and other federal highways run in close proximity to the town.
Mecklenburg-Western Pomerania is one of German states in the north-east of the country. It covers an area of about 23,290 km². Its population reaches 1,6 million.
In 2017 about 74% of the regional population worked in the service sector.
In 2018 nominal GRP (gross regional product) of the state was about 45 billion €.