DIY store in the suburb of Berlin.
Description
Shop with an area of 4,900 m².
The annual net income is 222,000 €.
The net yield is 9.2%.
The property is fully let. The tenant is a chain of DIY stores with branches all over Germany.
The tenancy agreement has been concluded till 2027.
Notary (state registration) is 1.5–2%.
Acquisition tax is 6.5%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
The property is situated in the federal state of Brandenburg, in a town with a population of about 15,000 people.
Brandenburg is located in the northeast of Germany and has a population of 2.5 million residents, the fifth-largest German state by area and tenth-most populous.
Brandenburg surrounds the national capital and city-state of Berlin, which together form the Berlin/Brandenburg Metropolitan Region, the third-largest metropolitan area in Germany. It borders the states of Mecklenburg-Vorpommern, Lower Saxony, Saxony-Anhalt, and Saxony, as well as the country of Poland.
Potsdam is the state capital and largest city.