A mixed-use building in the suburbs of Dusseldorf, Germany

Additional information is provided after the signing of an NDA

A mixed-use building in the suburbs of Dusseldorf, Germany

10,500,000 €
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  • Yield
    6.6 %
  • Built in 
    1974
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Details
Property parameters
  • Land area: 11,589 m²
  • Number of parking lots: 291
Financial performance
  • Annual income: 696,607 €
Tenants
  • Occupancy: 100 %
Object status
  • Most recent total renovation: 2018
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.5 %
  • Broker: 5.0 %

A multifunctional center in the suburbs of Dusseldorf.

Description

The property includes:

  • shopping center
  • media library
  • fitness center
  • underground parking (213 places)
  • ground parking (78 places)

Financial performance

The absolute annual income is 696,607 €.

The current yield of 6,6%.

The projected absolute annual income is 728,707 €.

The projected yield of 6,9%.

Tenants

The anchor tenant is the city administration (media library).

The lease agreement is valid until 30.09.2036 + extension options 2x5 years.

The 2nd tenant is a large international retail chain of fixed prices, with more than 300 stores and 11,000 employees in Germany.

The lease agreement is valid until 30.06.2027 + extension options 3x5 years.

The 3rd tenant is a German non-food retail chain. The company has more than 1,400 stores in Europe.

The lease agreement is valid until 30.11.2020 + extension options 5x3 years.

The 4th tenant is a German clothing stores chain. The company has more than 3200 stores in Europe.

The lease agreement is valid until 31.08.2026 + extension options 3x5 years.

The 5th tenant is a fitness center.

The lease agreement is valid until 30.09.2026 + extension options 4x5 years.

Transaction costs

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

Acquisition tax is 6,5%.

Brokerage fee is 5% + VAT 19% (tota 5,95%).

Location

The building is located in the suburbs of Dusseldorf. The population of the city is more than 35,000 people.

Düsseldorf is the administrative center of the federal state of North Rhine-Westphalia. The population of the city is more than 610,000 people. An increase in the city’s population to 645,600 is projected by 2030.

Düsseldorf is one of the most economically developed cities in the Rhine-Ruhr region due to its location in the center of the largest metropolitan area, the presence of the rd largest international airport in Germany and the exhibition center.

There are the headquarters of many large companies here, including E. ON, Henkel Group, Vodafon Germany Metro AG, Rheinmetall, Degussa, NRW. Bank, WestLB, E-Plus. In Düsseldorf Daimler manufactures Mercedes-Benz Sprinter, Volkswagen AG — VW Crafter.

  • Property on the map
    Location right down to the building, street or city

Statistics in Düsseldorf

Price per m², €
6,250
Healthcare efficiency level
73
Index 73 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
75
Index 75 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 6,250.0
Apartment in a bedroom community, m² 3,920.0
Transport Price, €
Public transport, 1 ride 2.8
Monthly travel card 75.0
Taxi, 1 km 2.2
Petrol, 1 l 1.37
Food Price, €
Water, 1.5 l 0.38
Milk, 1 l 0.69
White bread, 500 g 1.28
Eggs, a dozen 1.86
Chicken fillet, 1 kg 7.81
Education Price, €
Kindergarten, per month 375.0
International school, per year 17,933.33
Health care index
Staff competence 76.39
Medical equipment 91.18
Research accuracy and completeness 73.53
Attitude towards patients 70.59
Security index
Crime rate 21.51
The risk of being robbed 21.67
The risk of car theft 23.3
The risk of break-in and property damage 36.93

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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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
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