Commercial center, Baden-Württemberg, Germany

Additional information is provided after the signing of an NDA

Commercial center, Baden-Württemberg, Germany

7,300,000 €
2,676 € /m²
Mortgage calculator
Learn the property location
Send the listing to yourself
  • Total area
    2,727 m²
  • Yield
    5.8 %
  • Built in 
    1996
Details
Property parameters
  • Number of parking lots: 106
Financial performance
  • Annual income: 428,000 €
Tenants
  • Occupancy: 77 %
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 5.0 %
  • Broker: 4.0 %

A commercial center with large well-known chains as the anchor tenants.

Description

The complex of two buildings with several large tenants, office premises and spacious parking.

300 m² are vacant.

Financial performance

The absolute annual income is € 428,000.

The current yield is 5,8%.

Tenants

Anchor tenants are:

  • Well-known fast food chain, with a revenue of about 23 billion dollars (2017). About 235,000 people work in this company. The company occupies 18,9% of the area of the building. The lease agreement is valid until 24.04.2021 + extension options for 5x5 years.
  • Major shoe and sportswear retail chain, with the revenue of about 5,8 billion euro (2017) and about 1,300 stores in Germany. The company occupies 19,9% of the area of the building. The lease agreement is valid until 31.07.2024 + extension options for 3x5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5.0%.

Brokerage fee is 4% + 19% VAT (total 4.76%).

Location and nearby infrastructure

The property is located at the entrance of the famous resort town and is surrounded by branches of large retail chains:

  • Real
  • Aldi
  • Obi
  • Rofu
  • Kinderland
  • Fressnapf
  • Möbelhaus Ruga

Baden-Württemberg is the land in the south-west of Germany with the population more than 10 million people. The capital is Stuttgart.

Baden-Württemberg is the region with the developed economy and the lowest unemployment rate in Germany. There are such world-famous companies as Mercedes-Benz, Audi Sport GmbH, Daimler AG, IBM, Karl Storz, Porsche AG, Robert Bosch GmbH, SAP, Voith, Testo, ZF Friedrichshafen AG here.

For a long time, the production of fine mechanics (Junghans, Kienzle, SABA, Dual) has been very developed in the Black Forest.

The territory of the Swabian mountain massif was and remains the center of the textile industry (Hugo Boss, Trigema, Steiff).

There are 2 nuclear power plants in Baden-Württemberg, numerous hydroelectric power stations are built on the rivers of the region.

One of the most important branches of the economy is publishing. About 40% of all German books are published in this land.

There are 9 universities, 39 specialized universities, and about 130 research institutions in the region. The Heidelberg and Tübingen universities are among the oldest in Europe.

The beauty of nature and the abundance of historical attractions contribute to the development of tourism in the region.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

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 Schwarzwald elsewhere on our website.

Location choice
  • more ...
  • City, Region, Country
Loading...
  • Nothing found
  • Nothing found