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)
The absolute annual income is 583,089 €.
The current yield is 6,0%.
Bank financing is possible.
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.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5,0%.
Brokerage fee is 4% + VAT 19% (total 4,76%).
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.
