Shopping mall, Hannover, Germany

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Shopping mall, Hannover, Germany

9,700,000 €
1,368 € /m²
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  • Total area
    7,089 m²
  • Yield
    6.0%
  • Built in 
    1981
Details
Property parameters
  • Land area: 6,949 m²
  • Number of parking lots: 217
Financial performance
  • Annual income: 583,089 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 4.0% + VAT

A shopping mall with a large retail chain as a tenant in Hannover.

Description

The shopping mall includes:

  • commercial areas
  • offices
  • fitness club
  • 159 parking places (underground garage)
  • 58 parking places (surface parking)

Financial performance

The absolute annual income is 583,089 €.

The current yield is 6,0%.

Loan

Bank financing is possible.

Tenants

The anchor tenant is a large supermarket chain with more than 3,000 stores in Germany. The company's annual turnover exceeds 51 billion euros.

Other tenants: bank branch, fitness club, travel agency.

WALT: 5 years.

The contracts provide for the indexation of rent.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 5,0%.

Brokerage fee is 4% + VAT 19% (total 4,76%).

Location and nearby infrastructure

The shopping mall is located in a residential area of Hannover (Lower Saxony).

Hannover is one of Germany’s largest cities. With the population more than 500 thousand people, it is on the 13th place in the country.

Hannover is one of the leading exhibition cities in the world. It hosts more than 60 international and national exhibitions every year. The most popular ones are the CeBIT, the Hanover Fair, the Domotex, the Ligna, the IAA Nutzfahrzeuge, and the Agritechnica. Hannover also hosts a huge number of congresses and symposiums like the International Symposium on Society and Resource Management.

Hannover International Airport (9th largest in Germany) annually welcomes more than 5 million passengers.

Tourism is growing in Hannover. The number of overnight stays climbed in 2017 to more than 4 million in the city and the Region (9% more than in 2013).

Main attractions:

  • Royal Gardens of Herrenhausen
  • Berggarten
  • New Town Hall (Neues Rathaus)
  • Hanover Zoo
  • Old city
  • Expo Park
  • State Museum of Lower Saxony

The cost of living index: 66.24.

Hannover Region purchasing power index: 103.4.

More properties

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

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
6.0%
8—10%
Investment budget
9,700,000 €
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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