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 and nearby infrastructure
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.
