Pharmacy with a network retail tenant.
The property includes two floors with an area of 444 m² and a basement with an area of 65 m².
The building was built in 2015.
The absolute annual income is 315,838 €.
Current yield is 5.0%.
An anchor tenant since 22.06.2015 is a large retail chain of Israeli pharmacies, which occupies about 85% of the market for pharmaceuticals and cosmetics.
The lease agreement is concluded for 20 years and provides indexation of the rent by 10% every 5 years.
The brokerage fee is 2.0% + 17% VAT (in total 2.34%).
The property is located in the area of Moshava Germanit (German Colony), one of the most expensive and popular areas of Jerusalem.
The old town is situated in a 15-minute walk from the building.