Shopping center, Saxony, Germany

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Shopping center, Saxony, Germany

24,000,000 €
980 € /m²
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  • Total area
    24,485 m²
  • Yield
    5.8%
  • Built in 
    1892
Details
Financial performance
  • Annual income: 1,402,521 €
Tenants
  • Occupancy: 75%
Property status
  • Most recent total renovation: 1995
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0% + VAT

Shopping center 25 km from Dresden.

Description

The shopping center unites various shops offering a wide range of goods and services for the population of the area.

The shopping center was built in 1892 and covers 24,485 m². In 1995, repairs and modernization of the property were carried out.

Tenants

Currently, about 75% of the shopping center is leased, and new lease agreements are concluded. Also, one of the tenants is the famous German supermarket chain who wants to renew the agreement.

Location and nearby infrastructure

The property is located in a city with a population of about 30 thousand people, located 25 km from Dresden.

Dresden is the capital of the federal state of Saxony. The population of the city is about 550 thousand people. Along with Munich and Potsdam, Dresden is one of the 10 fastest growing cities in Germany.

Dresden is one of the leaders in Germany in terms of economic growth. The city has one of the highest potentials for the development of the technological industry and research activities in Germany.

The economy of Dresden is based on the work of the port and the production of high-tech goods (specialized optical and medical equipment for trade, computers, machinery and tools).

The most famous enterprises of the city are one of the few factories in Europe manufacturing the most modern processors (the concern GlobalFoundries and the concern Infineon). There is a Volkswagen building for individual assembly of especially expensive cars in the presence of the customer in the city center. There is also an aircraft manufacturing company in Dresden — the Dresden Aircraft Plant, which is the concern of the Airbus concern.

More properties

If this ad doesn't suit you, have a look at the other shopping centers for sale in Dresden.

All ads in the country: shopping centers for sale in Germany.

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