It is a large shopping mall located in a town in northern Bavaria.
Description
The two-storey building with a total area of 12,260 m² was built in 1990.
The plot of 23,360 m².
The property is in excellent condition and runs routine maintenance, the latest renovation has been completed in 2015.
There is a modern parking for 276 cars.
The mall is fully leased out to several tenants.
Financial performance
Absolute income is 2,014,499 €.
The current yield of 6,5%.
Tenants
The property is leased to five reliable tenants:
- Takko (13% of revenue);
- Deichmann (14% of revenue);
- Netto (19% of revenue);
- Depot (25% of revenue);
- Müller (29% yield).
On average, the lease agreements will be valid for a further 6,5 years.
Location
The mall is located in the city center in synergy with other large supermarkets.
