The building consists of 30 apartments (total area of about 2,300 m²) and 5 commercial units (total area of about 2,500 m²).
The shops were renovated in 2022.
The property is let.
Tenant 1 is a discount store.
The tenancy contract has been concluded till 2029 with 3x5 years extension options.
Tenant 2 is a grocery store.
The tenancy contract has been concluded till 2032 with 3x5 years extension options.
The fixed-sum rent for the apartments is till 2031.
The building is located in Dortmund. The population of the city is about 600,000 inhabitants.
North Rhine-Westphalia is the land of the Federal Republic of Germany with a population of 17.5 million people (the most populated of the German lands). It ranks 4th in Germany in terms of area.
22% of Germany’s GDP comes from NRW. The main industry in NRW is engineering and equipment manufacturing, biotechnology, chemical industry, and etc.
North Rhine-Westphalia is the center of trade in Germany, because it houses the headquarters of several leading German trading concerns with the largest turnover, for example, Deutsche Telekom AG, ALDI NORD, Die Deutsche Post, Bayer, Lufthansa Group, REWE. DE.