Shopping center, Lower Saxony, Germany

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Shopping center, Lower Saxony, Germany

14,050,000 €
1,636 € /m²
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  • Total area
    8,585 m²
  • Yield
    6.77%
  • Built in 
    1985
Details
Property parameters
  • Land area: 5,525 m²
  • Number of parking lots: 50
Financial performance
  • Annual income: 951,000 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0% + VAT

Shopping center, residential and office building + warehouse and basement rooms.

Description

Living area: 1,569 m²

Commercial area: 7,016 m² (6 floors)

30 of the 50 parking spaces are the underground parking lots.

Financial performance

Absolute annual income is 951,000 €

Current yield is 6,77%

Rent, euro/m²: 9,23 €

Cost of euro/m²: 1636,58 €

Loan

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

Tenants

Tenants: reputable retailers, doctors, administrative institutions.

The main tenants are:

  • A large retail chain of cosmetics and hygiene products, as well as perfume, haberdashery and pharmacy products with more than 3,000 branches in 5 European countries. The annual turnover of the company exceeds 8 billion euros. Lease agreement is valid until 30.06.2031
  • Optics store — the European market leader
  • Retail textile stores with branches in Germany and Austria
  • Federal Agency for Radiation Safety

A full list of tenants is available on request.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

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

Location and nearby infrastructure

The facility is located in the city of Salzgitter with a population of more than 100,000 people in the southeast of Lower Saxony. The nearest metropolises are Braunschweig, about 23 kilometers to the north-east and Hanover, about 51 kilometers to the north-west.

Lower Saxony is situated in northwestern Germany. It is the second largest state and fourth largest in population (7.9 million). Lower Saxony's major cities and economic centres are mainly situated in its central and southern parts.

More properties

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

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
6.8%
8—10%
Investment budget
14,050,000 €
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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