Shopping center, Saxony, Germany

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Shopping center, Saxony, Germany

24,020,000 €
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  • Yield
    5.8%
  • Rental rate (m²/month)
    5 €
  • Built in 
    1892
Details
Property parameters
  • Leasable area: 25,000 m²
  • Land area: 24,000 m²
Financial performance
  • Annual income: 1,400,000 €
Tenants
  • Occupancy: 75%
Property status
  • Most recent total renovation: 1995
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.0% + VAT

Shopping complex in the center of a town of the federal state of Saxony.

Description

The building with a leasable area of 25,000 m² is located on a land area of 24,000 m².

Financial performance

The annual income is 1,400,000 €.

The yield is 5.8%.

Tenants

The property is leased by 75%.

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 3.5%.

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

Location and nearby infrastructure

The property is located in the federal state of Saxony, in the center of a town with a population of 30,000 inhabitants.

Saxony is a federal land in the FRG, located in the east of the country. The capital city is Dresden. The population of the region is more than 4 million people.

The most important branch of industry is automobile with a share of 27% of all sales. It is followed by the metallurgical sector with a share of 13%, machine construction with a share of 12%, as well as electrical engineering/ microelectronics with a share of 11.6% of Saxony's industrial turnover.

Saxony is known in the world for its higher education institutions with long traditions and high status: Leipzig University, Dresden Technical University, Freiberg Mining Academy.

Saxony attracts numerous tourists with the presence of many world-class culture monuments, delightful natural landscapes, and a well-developed tourist infrastructure.

More properties

If this ad doesn't suit you, have a look at the other shopping centers for sale in 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
5.8%
8—10%
Investment budget
24,020,000 €
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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