Store in the center of Schwandorf, Bavaria, Germany

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Store in the center of Schwandorf, Bavaria, Germany

5,800,000 €
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  • Yield
    6.3%
  • Rental rate (m²/month)
    11 €
  • Built in 
    2015
Details
Property parameters
  • Leasable area: 2,695 m²
Financial performance
  • Annual income: 366,000 €
Tenants
  • Fully let
  • End of lease: 2025
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0% + VAT

Commercial space with a well-known retail chain tenant in the city center of Schwandorf.

Description

The property was built in 2015 and is locted right in the city center.

There is parking for several cars behind the building, all places are leased.

Financial performance

The absolute annual income is 366,000 €.

The current yield is 6.3%.

Tenants

Anchor tenant is a well-known fashion brand.

The lease agreement is valid until 2025 with options to extend for 4x5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3,5%.

The brokerage fee is 6% + 19% VAT (in total 7.14%).

Location and nearby infrastructure

The property is located in the city center of Schwandorf, Bavaria. The population of the city is about 150 thousand people.

Bavaria is the largest in terms of area among the 16 federal states of Germany, it has the largest economic and scientific potential and it is in the lead in terms of economic growth. The population of Bavaria is more than 12 million people. The capital city is Munich.

Machine building is played the most important role in the economy of Bavaria, in particular, the automobile industry and the aerospace industry. Electrical engineering, precision mechanics, optics, the production of medical equipment, and the chemical industry are also developed.

Tourism is one of the main sources of income for Bavaria. The annual number of tourists in Bavaria exceeds 34 million people. The most popular places are the Bavarian lakes, the Alps, as well as the cities of Munich, Augsburg, Regensburg with their historical sights, museums, beer gardens, fairs and the famous Oktoberfest.

More properties

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

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.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice
Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a shop purchase with a construction loan

Investment vehicle
Shop
Construction loan
Yield per annum
6.3%
8—10%
Investment budget
5,800,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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