Building material store, Bavaria, Germany

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Building material store, Bavaria, Germany

1,316,000 €
974 € /m²
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  • Total area
    1,350 m²
  • Yield
    5.9%
Details
Financial performance
  • Annual income: 78,556 €
Tenants
  • Fully let
  • End of lease: 2031
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0% + VAT

Description

Shop with an area of 1,350 m².

Financial performance

The annual net income is 78,556 €.

The net yield is 5.9%.

Tenants

The property is fully let. The tenant is a well-known chain of building material stores with branches all over Germany.

The tenancy agreement has been concluded till the end of 2031.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

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

Location and nearby infrastructure

The property is located in Bavaria, in a town with a population of about 30,000 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.

More properties

If this property wasn’t for you, take a look at other retail space for sale in Bavaria.

All ads in the country: retail space 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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