A building with street retail and residential premises in Bavaria.
Description
A building with street retail (1,312 m²) and residential units (883 m²).
The absolute annual income is 294,000 €.
The current yield is 5,5%.
Bank financing is possible.
The anchor tenant is a large international chain of clothing stores for the whole family with about 1,200 retail locations around the world. The annual income of the company exceeds 8 billion dollars.
The lease agreement is valied until 15.06.2025 + extension options 2x5 years.
The contract provides for the indexation of rent.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 3,5%.
Brokerage fee is 4% + VAT 19% (total 4,76%).
The building is located in the center of the town with the population about 45,000 people, in the federal state of Bavaria.
There are supermarkets, shops, restaurants and cafes, a bank, a pharmacy, a library, a museum, a hairdresser in a walking distance from the building.
Nuremberg is about 60 km away.
Bavaria is the largest in terms of area among the 16 federal states of Germany, it has the largest economic and scientific potential and it is in the lead in terms of economic growth. The population of Bavaria is more than 12 million people. The capital city is Munich.
Machine building is played the most important role in the economy of Bavaria, in particular, the automobile industry and the aerospace industry. Electrical engineering, precision mechanics, optics, the production of medical equipment, and the chemical industry are also developed.
The well-developed areas of Bavaria are:
- metropolitan area of Munich (BMW, Audi, MAN, Knorr-Bremse, Seimens, Infineon Technologies, Microsoft, ProSiebenSat1, Sky Deutschland, Kabel Deutschland, publishing house Burda, EADS, Krauss-Maffei Weggmann)
- Augsburg area (EADS, KUKA, UPM-Kymmene)
- Ingolstadt (Media-Saturn-Holding)
- ”Bavarian chemical triangle“ between Lake Chiemsee and the Inns and Salzach rivers)
Tourism is one of the main sources of income for Bavaria. The annual number of tourists in Bavaria exceeds 34 million people.
