Retail park in North Rhine-Westphalia.
Description
The retail park was built in 1978. The property has a total rentable area of approx. 6,420 m², which is divided into approx. 6,031 m² of commercial space and approx. 389 m² of living space.
There are 174 parking spaces.
The annual net income is 287,612 €.
The net yield is 8%.
The occupancy rate is currently around 90%.
WAULT: 8,5 years.
The anchor tenant of the building has been renting premises since 1995.
Notary (state registration) is 1.5–2%.
Acquisition tax is 6.5%.
The retail park is located in North Rhine-Westphalia, on the main street of the town with a population of about 30,000 people. The shopping complex is surrounded by residential areas, as well as large chain supermarkets and shops of well-known brands.
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.
