Shopping mall with a long-term lease agreement in the nearest suburb of Darmstadt.
Description
A building with a total area of 2,300 m² was built in 2006 and renovated in 2022.
Retail space — 1,900 m².
There is a parking for 120 cars.
The annual income is 239,519 €.
The yield is 5.6%.
The property is fully let to three tenants.
The main tenant 1 (occupies an area of about 1,400 m²) is a well-known chain of grocery stores with several thousand branches in Europe. The lease agreement is concluded for 15 years with 3x5 extension options.
The tenants 2 and 3 are well-known German chain stores.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 5% + VAT 19% (total 5.95%).
The property is located in the district of Darmstadt, in a town with a population of about 30,000 people.
- Frankfurt am Mein — 30 km
- Darmstadt — 5 km
Darmstadt is the 4th largest city in the state of Hessen after Frankfurt am Main, Wiesbaden and Kassel.
About 161,000 people live in Darmstadt, and about 431,000 people live in urban agglomeration (according to Eurostat data).
The advantage of Darmstadt is a close proximity to Frankfurt Airport (the main transport hub of Europe) and the Frankfurt Fair (about 200,000 visitors and more than 2,400 exhibitors annually).
The main industries that determine the Darmstadt economy are: IT, chemical and pharmaceutical (plants of Merck KGaA), engineering and space technology.
There are numerous local research institutes in Darmstadt.
