Shopping mall, Thuringia, Germany

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Shopping mall, Thuringia, Germany

6,825,000 €
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Total area: 8,246 m² Yield: 5.6% Built in 2000
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Features
  • Operating Incomе: 381,445 €
  • Land area: 2,867 m²
  • Occupancy: 60%
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 4.0%

A shopping mall in Thuringia.

Description

A commercial building with a basement. 

The construction costs amounted about 20 million euros.

Equipment 

  • central heating 
  • escalator

Financial performance

The absolute annual income is 381,445 €.

The current yield is 5,6%.

The average rent is currently about 7.00 €/m².

Tenants

The shopping mall is rented by 60% (about 4,956 m² of 8,246 m²).

The anchor tenant is a retail chain of sporting goods stores. The company's annual turnover exceeds 10 billion euros. The number of employees is about 10,000 people.

The remaining 3,290 m² will be rented in the short term by reliable clothing and shoe retailers.

The vacant office space will also be rented in a short time.

Transaction costs

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

Acquisition tax is 6,5%.

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

Location

The shopping center is situated in the town with the population about 100,000 people. About 450,000 people live in the town agglomeration.

The property is located in the pedestrian zone in the historical center of the town.

The distance to Leipzig is about 60 km, to Erfurt — 80 km, to Zwickau — about 40 km, to Chemnitz — about 70 km.

Statistics in Germany

Price per m², €
4,846
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
66
Index 66 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 4,846.26
Apartment in a bedroom community, m² 3,364.56
Transport Price, €
Public transport, 1 ride 2.7
Monthly travel card 70.0
Taxi, 1 km 2.0
Petrol, 1 l 1.4
Food Price, €
Water, 1.5 l 0.34
Milk, 1 l 0.7
White bread, 500 g 1.31
Eggs, a dozen 1.82
Chicken fillet, 1 kg 7.34
Education Price, €
Kindergarten, per month 307.46
International school, per year 14,825.74
Health care index
Staff competence 77.83
Medical equipment 89.75
Research accuracy and completeness 75.75
Attitude towards patients 69.09
Security index
Crime rate 34.23
The risk of being robbed 32.16
The risk of car theft 31.68
The risk of break-in and property damage 42.76

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
Senior Investment Consultant
+44 17 4822 0039
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