Shopping center in Leipzig.
Description
The building with a leasable area of 24,000 m² is located on a land plot of 65,000 m².
The annual income is 1,650,000 €.
The yield is 6.4%.
The property is leased by 95%.
The tenants are well-known german chain supermarkets of food, clothing, construction and household goods.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 3% + VAT 19% (total 3.57%).
The property is located in the federal state of Saxony, in a city of Leipzig.
Leipzig is a city in Germany located in the west of Saxony. With approximately 590,000 inhabitants and an expected population growth of 13.9% by 2030, Leipzig is one of the fastest growing cities in Germany, that shows its attractiveness for investment.
Due to its central location in Germany, Leipzig has excellent connections with Berlin, Frankfurt, Munich, Hamburg and other major cities. The road to Berlin takes no more than 1 hour; Frankfurt, Munich and Hamburg can be reached by train in 3 hours.
