Store in the center of Schwandorf, Bavaria, Germany

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Store in the center of Schwandorf, Bavaria, Germany

5,800,000 €
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  • Yield
    6.3 %
  • Built in 
    2015
Details
Property parameters
  • Leasable area: 2,695 m²
Financial performance
  • Annual income: 366,000 €
Tenants
  • Fully let
  • End of lease: 2025
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.5 %
  • Broker: 6.0 %

Commercial space with a well-known retail chain tenant in the city center of Schwandorf.

Description

The property was built in 2015 and is locted right in the city center.

There is parking for several cars behind the building, all places are leased.

Financial performance

The absolute annual income is 366,000 €.

The current yield is 6.3%.

Tenants

Anchor tenant is a well-known fashion brand.

The lease agreement is valid until 2025 with options to extend for 4x5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3,5%.

The brokerage fee is 6% + 19% VAT (in total 7.14%).

Location

The property is located in the city center of Schwandorf, Bavaria. The population of the city is about 150 thousand people.

Bavaria is the largest in terms of area among the 16 federal states of Germany, it has the largest economic and scientific potential and it is in the lead in terms of economic growth. The population of Bavaria is more than 12 million people. The capital city is Munich.

Machine building is played the most important role in the economy of Bavaria, in particular, the automobile industry and the aerospace industry. Electrical engineering, precision mechanics, optics, the production of medical equipment, and the chemical industry are also developed.

Tourism is one of the main sources of income for Bavaria. The annual number of tourists in Bavaria exceeds 34 million people. The most popular places are the Bavarian lakes, the Alps, as well as the cities of Munich, Augsburg, Regensburg with their historical sights, museums, beer gardens, fairs and the famous Oktoberfest.

  • 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 retail space for sale in Germany.

You can see more retail space for sale in Schwandorf 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 Schwandorf
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