Pharmacy, Jerusalem, Israel

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Pharmacy, Jerusalem, Israel

$7,377,000
$14,493 /m²
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  • Total area
    509 m²
  • Yield
    5.0 %
  • Built in 
    2015
Details
Property parameters
  • 2-floor building
Financial performance
  • Annual income: $368,838
Tenants
  • Fully let
Transaction costs
  • Broker: 2.0 %

Pharmacy with a network retail tenant.

Description

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.

Financial performance

The absolute annual income is 315,838 €.

Current yield is 5.0%.

Tenants

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.

Transaction costs

The brokerage fee is 2.0% + 17% VAT (in total 2.34%).

Location

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.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other retail space for sale in Israel.

You can see more retail space for sale in Jerusalem elsewhere on our website.

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Anna Kurianovich
Anna Kurianovich
Investment consultant in Jerusalem
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