Retail Park, Bavaria, Germany

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Retail Park, Bavaria, Germany

2,300,000 €
2,585,000 €
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  • Yield
    3.7%
  • Rental rate (m²/month)
    4 €
  • Built in 
    2011
Details
Property parameters
  • Leasable area: 2,000 m²
  • Land area: 6,000 m²
  • Number of parking lots: 100
Financial performance
  • Annual income: 84,500 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.0% + VAT

Retail park with chain tenants in Bavaria.

Description

The total leasable area of the buildings is over 2,000 m².

Financial performance

The annual income is 84,500 €.

The yield is 3.7%.

Tenants

  • A well-known chain of grocery stores with more than 1,300 branches in Europe. The lease was concluded until 2021. At the end of the contract, the tenant leaves the building.
  • A well-known German chain of non-food stores with more than 2,000 branches in Europe. The lease was concluded until 2024 with the extension options of 4x3 years.
  • A chain beverage store with over 200 branches. The new lease until 2030.
  • A chain pharmacy. The lease was concluded until 2029.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

Brokerage fee is 4% + VAT 19% (total 4.76%).

Location and nearby infrastructure

The property is located in Bavaria, in the suburb of Erlangen (15 km). The population of Erlangen is over 110,000 inhabitants.

Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.

More properties

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

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

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice
Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a mixed-use building purchase with a construction loan

Investment vehicle
Mixed-use building
Construction loan
Yield per annum
3.7%
8—10%
Investment budget
2,300,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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