Pharmacy, Jerusalem, Israel

Additional information is provided after the signing of an NDA

Pharmacy, Jerusalem, Israel

7,225,000 $
Send a request
Total area: 509 m² Yield: 5.0% Built in 2015
Send a request
Features
  • Operating Incomе: 315,838 €
  • 2-floor building
  • Occupancy: 100%
  • 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.

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.

Similar listings

We select ads that may interest you.

Enquire about this shop
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
Send a request
    When you submit a request, you agree to our terms and conditions
    • Bank financing from 3% annually
    • Construction site audits
    • Management company services