Shopping center, Mecklenburg-Vorpommern, Germany

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Shopping center, Mecklenburg-Vorpommern, Germany

20,020,000 €
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  • Yield
    6.0%
  • Rental rate (m²/month)
    6 €
Details
Property parameters
  • Leasable area: 17,000 m²
  • Land area: 5,500 m²
Financial performance
  • Annual income: 1,200,000 €
Tenants
  • Occupancy: 91%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 3.0% + VAT

Shopping center in the federal state of Mecklenburg-Vorpommern.

Description

The building with a leasable area of 17,000 m² is located on a land plot of 5,500 m².

Financial performance

The annual income is 1,200,000 €.

The yield is 6%.

Tenants

The property is leased by 91%.

The tenants are well-known german chain supermarkets of food, clothing, construction and household goods.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6%.

Brokerage fee is 3% + VAT 19% (total 3.57%).

Location and nearby infrastructure

The property is located in the federal state of Mecklenburg-Vorpommern, in the center of a town with a population of 60,000 inhabitants.

Mecklenburg-Vorpommern is one of German states in the north-east of the country. It covers an area of about 23,290 km². Its population reaches 1,6 million.

Over 10 million tourists visit the cities of federal state annually.

More properties

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

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
20,020,000 €
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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