Package of three shopping centers, Germany

Additional information is provided after the signing of an NDA

Package of three shopping centers, Germany

70,000,000 €
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  • Yield
    6.1%
  • Rental rate (m²/month)
    6 €
Details
Property parameters
  • Leasable area: 65,000 m²
Financial performance
  • Annual income: 4,290,000 €
Tenants
  • No tenants
Transaction costs
  • Notary (state registration): 1.5%
  • Broker: 3.0% + VAT

A package of three shopping centers in the centers of the German cities.

Description

Three shopping centers with a total leasable area of 65,000 m².

Financial performance

The annual net income is € 4,290,000.

The net yield is 6.1%.

There is a possibility to increase the annual income up to € 5,500,000.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5 – 6% (depending on the property location).

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

Location and nearby infrastructure

  • two shopping centers are located in the federal state of Saxony, in the center of cities with a population of about 600,000 and 30,000 inhabitants;
  • one shopping center is located in the federal state of Mecklenburg-Vorpommern, in the city center with a population of 60,000 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.

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 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
6.1%
8—10%
Investment budget
70,000,000 €
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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