Shopping center located in the city center in the federal state of Rhineland-Palatinate.
Description
The shopping center was built in 1965 and covers an area of 11,585 m².
The property for development by the investor. If the tenant leaves, a central location will help to easily attract new tenants.
The absolute annual income is 600,000 €.
The current yield is 4%.
The expected annual income is 1,400,000 €.
The expected yield is 9.3%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
The brokerage fee is 4% + 19% VAT (in total 4.76%).
The property is located in the center of the city with a population of over 100 thousand people, in the federal state of Rhineland-Palatinate. The population of the city is constantly growing.
Rhineland-Palatinate — the land in the south-western part of Germany. The capital is the city of Mainz. The population of the region is more than 4 million people.
Rhineland-Palatinate is ahead of all German lands in terms of export. Important sectors of the economy are the winemaking, chemical, pharmaceutical industry and the production of auto parts. The main employer is the chemical and processing industry, which is represented by BASF in Ludwigshafen. There is the Gas Industry Training Center (jointly with OAO Gazprom) in Rheinland-Pfalz.
Forests occupy about 42% of the entire Rhineland-Palatinate (the largest biosphere reserve in Central Europe).
Rhineland-Palatinate is the largest wine region in Germany (there are 6 of the 9 wine-growing regions of Germany here).
The region is attractive for tourists due to a large number of museums, castles (over 200), churches, exhibitions.
The list of world cultural heritage of UNESCO includes 4 landmarks of the Rhineland-Palatinate.
