Shopping center in Mülheim, North Rhine-Westphalia, Germany

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Shopping center in Mülheim, North Rhine-Westphalia, Germany

31,000,000 €
336 € /m²
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  • Total area
    92,000 m²
  • Yield
    4.8%
  • Built in 
    1994
Details
Financial performance
  • Annual income: 1,500,000 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 5.0% + VAT

Shopping center with well-known chain tenants in the city of Mülheim.

Description

The complex has a total area of 92,000 m².

Deal structure: Share Deal.

Financial performance

The annual income is 1,500,000 €.

The yield is 4.8%.

Tenants

The building is fully leased.

The tenants are well-known chain stores of clothing, food, household goods, pharmacy, bank office, etc.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.5%.

Brokerage fee is 5% + VAT 19% (total 5.95%).

Location and nearby infrastructure

The shopping center is located in Mülheim an der Ruhr, North Rhine-Westphalia. The population of the city is 170,000 inhabitants.

North Rhine-Westphalia is the land of the Federal Republic of Germany with a population of 17.5 million people (the most populated of the German lands). It ranks 4th in Germany in terms of area.

22% of Germany’s GDP comes from NRW. The main industry in NRW is engineering and equipment manufacturing, biotechnology, chemical industry, and etc.

North Rhine-Westphalia is the center of trade in Germany, because it houses the headquarters of several leading German trading concerns with the largest turnover, for example, Deutsche Telekom AG, ALDI NORD, Die Deutsche Post, Bayer, Lufthansa Group, REWE. DE.

More properties

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

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.

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  • 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
4.8%
8—10%
Investment budget
31,000,000 €
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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