A store with a very well known German retail chain as a tenant.
Description
The area of a building is 1,057 m².
There is parking in the territory of the property.
Financial performance
The absolute annual income is 114,000 €.
Current yield is 6,7%.
Tenants
The tenant is a large chain of clothing stores, numbering more than 300 branches in Germany. The annual turnover of the company exceeds 300 million euros.
The lease agreement is valid through 2034 + extension options for 2x5 years.
Transaction costs
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5,0%.
Brokerage fee is 5% + 19% VAT (in total 5,95%).
Location
The property is located in a retail park.
