Car service, Saxony-Anhalt, Germany

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Car service, Saxony-Anhalt, Germany

1,410,000 €
1,247 € /m²
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  • Total area
    1,130 m²
  • Yield
    7.9%
Details
Financial performance
  • Annual income: 112,524 €
Tenants
  • Fully let
  • End of lease: 2028
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0% + VAT

Car service in the suburb of Leipzig.

Description

Commercial premises with a total area of 1,130 m².

Financial performance

The annual net income is 112,524 €.

The net yield is 7,9%.

Tenants

The property is fully let.

The tenant 1 is a well-known chain of furniture stores with several thousand branches all over the world.

The tenant 2 is a well-known chain of car service centers with several hundred branches in Germany.

The tenancy agreements have been concluded by an average till 2028.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 5%.

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

Location and nearby infrastructure

The property is located in the federal state of Saxony-Anhalt, in a town with a population of about 30,000 people.

Saxony-Anhalt is a state of Germany, bordering the states of Brandenburg, Saxony, Thuringia and Lower Saxony. Saxony-Anhalt is renowned for its rich cultural heritage and possesses the highest concentration of UNESCO World Heritage sites in Germany.

More properties

If this ad doesn't suit you, have a look at the other shopping centers for sale in Saxony-Anhalt.

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.

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