Store in a historic building in the Mitte district.
Description
The historic building, built in 1890, is an architectural monument. The building was completely renovated 20 years ago.
The building is in good condition, no repairs are required.
The total area of the space leased rented as a store is 368 m². The tenant renovated the space in 2019.
There are several entrances, the ceiling height is 4 m.
Price:
- Asset Deal – 2,950,000 €
- Share Deal – 2,650,000 €
The annual income (Asset Deal) is 129,800 €.
The yield is 4.4%.
The tenant is a small chain of stores selling bags and shoes. The tenant has been renting the space for about 6 years.
The lease agreement is valid until March 31, 2029 + extension options for 2x5 years.
Rent increases by 3% annually.
The lease agreement can be terminated, if desired.
The property is located in the Mitte district, near the offices of various companies, a small park and a supermarket. A bus stop is within walking distance.
Mitte is the central district of Berlin, dynamically developing. In addition to residential buildings, there are headquarters of many international and national companies, as well as the Bundestag and Bundesrat, embassies and the federal government.
In addition, the Mitte district is the cultural center of Berlin: within walking distance are Alexanderplatz and Potsdamer Platz squares, the Hack courtyards, and the famous Unter den Linden street. The quarter around Friedrichstraße (Friedrich straße) is known as the prestigious business center of the capital.
Berlin is the capital of Germany with the population more than 3.9 million people.
Within EU Berlin is one of the cities with the highest business activity. About 80% of companies in Berlin work in the services sector. Several large corporations, such as Siemens, Volkswagen, Pfizer and SAP, have headquarters in Berlin.
2 airports of Berlin — Tegel and Schönefeld — serve more than 40 million passengers a year.
Today Berlin is a world cultural center and one of the most visited cities on the continent. The annual number of tourists exceeds 30 million people.
The average monthly salary in Berlin is about 2,200 €.
The purchasing power index for March 2019 is 108.67 (12th place in the country).
