Investment land in Bavaria

Description

The land plot of 4,500 m² for construction commercial and residential buildings:

• retail spaces (about 2,200 m²);
• residential units (about 5,600 m²).

The construction start is planned after completion of financing.

Forward deal is possible.

The commercial units are fully let. The tenant is a German discount supermarket chain with several thousand branches all over the world.

The annual income if 250,000 €.

The yield is 3.8%.

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

Brokerage fee is 4% + VAT 19% (total 4.76%).

The property is located in the federal state of Bavaria, in a town with a population of about 10,000 people.

Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.

Tourism is one of the main sources of income for Bavaria. The annual number of tourists in Bavaria exceeds 34 mn people. The most popular places are the Bavarian lakes, the Alps, as well as the cities of Munich, Augsburg, Regensburg with their historical sights, museums, beer gardens, fairs and the famous Oktoberfest.