Shopping center, Saxony, Leipzig

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Shopping center, Saxony, Leipzig

2,300,000 €
1,036 € /m²
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  • Total area
    2,220 m²
  • Yield
    7.69%
  • Built in 
    1994
Details
Property parameters
  • Land area: 7,565 m²
  • Number of parking lots: 117
Financial performance
  • Annual income: 176,778 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0% + VAT

A renovated shopping center with a chain anchor tenant.

Description

The shopping center provides residents of nearby areas with dayly necessities and services. High attendance rate among local residents.

Financial performance

Absolute annual income is 176,778 €

Current yield is 7,69%

Rent, euro/m²: 6,64 €

Cost of euro/m²: 1036,04 €

Loan

Financing is possible at 1.9% per annum for a period of 10–20 years. 50% of equity is required.

Tenants

Tenants:

  • A large retail chain (anchor tenant) — lease agreement is valid until 31.12.2023
  • Retail chain sub-tenants: meat shop, bakery, hairdresser
  • Liquor store — lease agreement is valid until 30.05.2025
  • Driving school
  • Dental unit
  • Toy store/games room
  • Charitable organization

An anchor tenant is a large supermarket chain with more than 1,300 stores in 4 European countries. The annual turnover of the company is about 6 billion euros.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3,5%.

Brokerage fee 6% + 19% VAT (total 7.14%)

Location and nearby infrastructure

The property is located near Leipzig (less than 50 km).

Leipzig is the largest city of the federal state of Saxony with a population of 560,000 people. Over the past 5 years, 50,000 young people (the average age from 25 to 34 years) have migrated to Leipzig.

The number of jobs increased by 11.5% and the number of workers increased by 19.5%. The unemployment rate does not exceed 8.69%.

The purchasing power index is 89.31.

Leipzig/ Halle Intercontinental Airport is located in the city. It is considered the second largest cargo hub in Germany.

More properties

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

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
7.7%
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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