Shopping mall, Saxony, Germany

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Shopping mall, Saxony, Germany

25,000,000 €
877 € /m²
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  • Total area
    28,500 m²
  • Yield
    7.4%
  • Built in 
    1992
Details
Property parameters
  • Land area: 73,500 m²
  • Number of parking lots: 580
Financial performance
  • Annual income: 1,853,759 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0% + VAT

Description

The shopping mall with an area of about 28,500 m².

There is a parking for 580 cars.

The plot area is about 73,500 m².

Financial performance

The annual net income is 1,853,759 €.

The net yield is 7.4%.

Tenants

The anchor tenants are well-known chain stores and supermarkets.

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 vibrant commercial area of 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 ad doesn't suit you, have a look at the other supermarkets for sale in Saxony.

All ads in the country: supermarkets for sale in Germany.

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