Shopping center in Saxony-Anhalt.
Description
Shopping center with a leasable area of 14,000 m².
The complex has parking for more than 300 cars.
Financial performance
The annual income is 2,802,000 €.
The yield is 6.1%.
Tenants
The building is leased by 96%. The tenants are:
- large German chain of food supermarkets
- сhain store of household and cosmetic goods
- well-known Swedish chain of clothing stores
- electronics store
- youth clothing store
- small furniture and home accessories shop
- bookstore
- etc.
WAULT: 8 years.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
Brokerage fee is 3% + VAT 19% (total 3.57%).
Location and nearby infrastructure
The shopping center is located in the federal state of Saxony-Anhalt. 100 km from Berlin and 70 km from Leipzig.
Saxony-Anhalt is a state of Germany, bordering the states of Brandenburg, Saxony, Thuringia and Lower Saxony. Saxony-Anhalt is renowned for its rich cultural heritage and possesses the highest concentration of UNESCO World Heritage sites in Germany.
