Shopping mall, Hannover, Germany

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Shopping mall, Hannover, Germany

9,700,000 €
1,368 € /m²
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  • Total area
    7,089 m²
  • Yield
    6.0 %
  • Rental rate (m²/month)
    6 €
  • Built in 
    1981
Details
Property parameters
  • Land area: 6,949 m²
  • Number of parking lots: 217
Financial performance
  • Annual income: 583,089 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 5.0 %
  • Broker: 4.0 %

A shopping mall with a large retail chain as a tenant in Hannover.

Description

The shopping mall includes:

  • commercial areas
  • offices
  • fitness club
  • 159 parking places (underground garage)
  • 58 parking places (surface parking)

Financial performance

The absolute annual income is 583,089 €.

The current yield is 6,0%.

Loan

Bank financing is possible.

Tenants

The anchor tenant is a large supermarket chain with more than 3,000 stores in Germany. The company's annual turnover exceeds 51 billion euros.

Other tenants: bank branch, fitness club, travel agency.

WALT: 5 years.

The contracts provide for the indexation of rent.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 5,0%.

Brokerage fee is 4% + VAT 19% (total 4,76%).

Location

The shopping mall is located in a residential area of Hannover (Lower Saxony).

Hannover is one of Germany’s largest cities. With the population more than 500 thousand people, it is on the 13th place in the country.

Hannover is one of the leading exhibition cities in the world. It hosts more than 60 international and national exhibitions every year. The most popular ones are the CeBIT, the Hanover Fair, the Domotex, the Ligna, the IAA Nutzfahrzeuge, and the Agritechnica. Hannover also hosts a huge number of congresses and symposiums like the International Symposium on Society and Resource Management.

Hannover International Airport (9th largest in Germany) annually welcomes more than 5 million passengers.

Tourism is growing in Hannover. The number of overnight stays climbed in 2017 to more than 4 million in the city and the Region (9% more than in 2013).

Main attractions:

  • Royal Gardens of Herrenhausen
  • Berggarten
  • New Town Hall (Neues Rathaus)
  • Hanover Zoo
  • Old city
  • Expo Park
  • State Museum of Lower Saxony

The cost of living index: 66.24.

Hannover Region purchasing power index: 103.4.

  • 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 Hannover 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 Hannover
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