Shop, Saxony, Germany

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Shop, Saxony, Germany

961,000 €
961 € /m²
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  • Total area
    1,000 m²
  • Yield
    9.0%
Details
Financial performance
  • Annual income: 87,000 €
Tenants
  • Fully let
  • End of lease: 2027
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0% + VAT

Description

Shop with an area of 1,000 m².

Financial performance

The annual net income is 87,000 €.

The net yield is 9%.

Tenants

The property is fully let. The tenant is a discount store.

The tenancy agreement has been concluded till 2027.

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 the federal state of Saxony, in a city with a population of 60,000 inhabitants.

Saxony is a federal land in the FRG, located in the east of the country. The capital city is Dresden. The population of the region is more than 4 million people.

The most important branch of industry is automobile with a share of 27% of all sales. It is followed by the metallurgical sector with a share of 13%, machine construction with a share of 12%, as well as electrical engineering/ microelectronics with a share of 11.6% of Saxony's industrial turnover.

Saxony is known in the world for its higher education institutions with long traditions and high status: Leipzig University, Dresden Technical University, Freiberg Mining Academy.

Saxony attracts numerous tourists with the presence of many world-class culture monuments, delightful natural landscapes, and a well-developed tourist infrastructure.

More properties

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

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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  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice
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