Department store in the center of Bottrop, Germany

Additional information is provided after the signing of an NDA

Department store in the center of Bottrop, Germany

3,150,000 €
613 € /m²
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  • Total area
    5,137 m²
  • Yield
    7.4 %
  • Rental rate (m²/month)
    3 €
  • Built in 
    1970
Details
Property parameters
  • Land area: 1,398 m²
  • 4-floor building
Financial performance
  • Annual income: 233,000 €
Tenants
  • Fully let
  • End of lease: 2027
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.5 %
  • Broker: 5.0 %

Department store with long-term lease agreement.

Description

The multi-story commercial building includes 4 floors, 3 of which are used mainly for commercial spaces. The first part of the building was built in 1970, and the second in 1992.

Repair works inside the building were carried out three years ago; facade of the 1970 built part of the building as well as the roof have to be renovated within the next 5–10 years.

One of the tenants with a long-term lease agreement has redesigned the retail space which now has 3 entrances. The upper floor is used as an office and lounge for staff. On the ground floor there is a commercial space with large display windows.

Tenants

The tenant is a German clothing brand with several branches in the cities of North Rhine-Westphalen.

The tenant has been here since 1970, the lease agreement is valid from 2007 to 2027.

Location

The property is located in Bottrop with a population of about 120 thousand people, which is located in the federal state of North Rhine-Westphalia. There are cities such as Essen, Oberhausen, Gladbeck and Dorsten nearby.

The property is located in the city center, on a street with high pedestrian traffic. There are many retail chain stores, supermarkets, restaurants and cafes located in the area. Also there is a highway entrance nearby, which provides convenient access and good visibility from the road. It is planned to build new residential buildings in the area, which will provide an additional flow of customers.

Highways that are part of the federal system of German highways go through the city: Oberhausen – Berlin, Bottrop – Emden and Dortmund –Camp- Lintfort. In addition, the federal highway Essen – Gladbeck crosses Bottrop.

The city has a famous Brabus car tuning studio. The company specializes in tuning of cars of such brands as Mercedes-Bens, Maybach, Smart and other cars manufactured by Daimler AG.

There are attractions such as Tetraeder, Alpin Center and Terricon Ganiel.

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

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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 Bottrop elsewhere on our website.

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Anna Kurianovich
Anna Kurianovich
Investment consultant in Bottrop
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