It is a multi-functional building for sale.
Description
Total lettable area is 4,210 sq. m.
The property is leased out to 7 tenants.
Financial performance
Absolute income is 432,660 €.
The current yield of 6,8%.
Tenants
- Food discount store. Rented area: 1,200 sq. m. The lease agreement is signed for 12 years with extension options.
- Cafe. Rented area: 360 sq. m. The lease agreement is signed for 10 years with extension options.
- Restaurant. Rented area: 860 sq. m. The lease agreement is signed for 10 years with extension options.
- Bank. Rented area: 120 sq. m. The lease agreement is signed for 10 years with extension options.
- Dry-cleaner. Rented area: 70 sq. m. The lease agreement is signed for 10 years with extension options.
- Drink market. Rented area: 400 sq. m. The lease agreement is signed for 5 years with extension options.
- Fitness-club. Rented area: 1,200 sq. m. The lease agreement is signed for 10 years with extension options.
Transaction costs
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 4%.
Location
Commercial property is situated in one in the city with extended infrastructure in Northern Bavaria.
