Retail complex in the federal state of Saxony.

Description

The complex consists of 3 stores and was renovated in 2022.

Retail space — 3,800 m².

Plot area — 8,200 m².

There is parking for 130 cars.

The adjacent plot of 2,200 m² is also for sale. The price is 220,000 €.

Allowed building area — 0.8;

Floor space index — 2.4;

Building height — 4 storeys.

The property is fully let.

Tenant 1 is a chain kitchen store with several dozens studios in Germany.

Tenant 2 is a chain non-food store with branches all over the world.

Tenant 3 is a tourist store with about 100 branches in Germany.

The tenancy agreements have been concluded by an average till 2031.

The annual net income is 249,000 €.

The net yield is 7,1%.

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

Brokerage fee is 6% + VAT 19% (total 7.14%).

The property is located in the federal state of Saxony, in a city with a population of about 5,000 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.