A building with retail premises.
Description
Total area of the building is 36,940 m²
The shopping center consists of 9 shops.
The building was built in 1993.
The purchase price of the property includes a parking for 1,511 cars.
Financial performance
Absolute annual income is 3,049,281 €.
The current yield of 7.9%.
Tenants
The anchor tenant is a large supermarket chain in Germany.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
The broker's fee of 4%.
Location
The commercial center is located in the city with the population of more than 30 thousand people, in the state of Saxony.
