DIY store, North Rhine Westfalia, Germany

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DIY store, North Rhine Westfalia, Germany

2,349,000 €
1,021 € /m²
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  • Total area
    2,300 m²
  • Yield
    6.4%
Details
Financial performance
  • Annual income: 152,150 €
Tenants
  • Fully let
  • End of lease: 2030
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 6.0% + VAT

Description

Shop with an area of 2,300 m².

Financial performance

The annual net income is 152,150 €.

The net yield is 6,4%.

Tenants

The property is fully let. The tenant is a chain of DIY stores.

The tenancy agreement has been concluded till 2030.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

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

Location and nearby infrastructure

The property is located in the federal state of North Rhine Westfalia, in a town with a population of about 50,000 inhabitants.

North Rhine-Westphalia is the land of the Federal Republic of Germany with a population of 17.5 million people (the most populated of the German lands). It ranks 4th in Germany in terms of area.

22% of Germany’s GDP comes from NRW. The main industry in NRW is engineering and equipment manufacturing, biotechnology, chemical industry, and etc.

North Rhine-Westphalia is the center of trade in Germany, because it houses the headquarters of several leading German trading concerns with the largest turnover, for example, Deutsche Telekom AG, ALDI NORD, Die Deutsche Post, Bayer, Lufthansa Group, REWE. DE.

More properties

If this property wasn’t for you, take a look at other retail space for sale in North Rhine-Westphalia.

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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