A multifunctional center in the suburbs of Dusseldorf.
Description
The property includes:
- shopping center
- media library
- fitness center
- underground parking (213 places)
- ground parking (78 places)
The absolute annual income is 696,607 €.
The current yield of 6,6%.
The projected absolute annual income is 728,707 €.
The projected yield of 6,9%.
The anchor tenant is the city administration (media library).
The lease agreement is valid until 30.09.2036 + extension options 2x5 years.
The 2nd tenant is a large international retail chain of fixed prices, with more than 300 stores and 11,000 employees in Germany.
The lease agreement is valid until 30.06.2027 + extension options 3x5 years.
The 3rd tenant is a German non-food retail chain. The company has more than 1,400 stores in Europe.
The lease agreement is valid until 30.11.2020 + extension options 5x3 years.
The 4th tenant is a German clothing stores chain. The company has more than 3200 stores in Europe.
The lease agreement is valid until 31.08.2026 + extension options 3x5 years.
The 5th tenant is a fitness center.
The lease agreement is valid until 30.09.2026 + extension options 4x5 years.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6,5%.
Brokerage fee is 5% + VAT 19% (tota 5,95%).
The building is located in the suburbs of Dusseldorf. The population of the city is more than 35,000 people.
Düsseldorf is the administrative center of the federal state of North Rhine-Westphalia. The population of the city is more than 610,000 people. An increase in the city’s population to 645,600 is projected by 2030.
Düsseldorf is one of the most economically developed cities in the Rhine-Ruhr region due to its location in the center of the largest metropolitan area, the presence of the rd largest international airport in Germany and the exhibition center.
There are the headquarters of many large companies here, including E. ON, Henkel Group, Vodafon Germany Metro AG, Rheinmetall, Degussa, NRW. Bank, WestLB, E-Plus. In Düsseldorf Daimler manufactures Mercedes-Benz Sprinter, Volkswagen AG — VW Crafter.
