Polyclinic, Holon, Israel

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Polyclinic, Holon, Israel

$7,348,000
$40,822 /m²
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  • Total area
    180 m²
  • Yield
    6.7%
  • Built in 
    2001
Details
Property parameters
  • Number of parking lots: 32
Financial performance
  • Annual income: $489,112
Transaction costs
  • Broker: 2.0%

Policlinic with a pharmacy on the ground floor.

Description

The building was built in 2001.

There is an underground parking for 32 cars in the territory of the property.

Financial performance

The cost of the property is 26,000,000 shekels.

The absolute annual income is 1,730,736 shekels.

The current yield is 6.7%.

Tenants

An anchor tenant is a network of polyclinics.

The lease agreement is valid until 2022 and contains extension options for 3x5 years.

The second tenant is a network of pharmacies.

The lease agreement is valid until 2021 with the option of extension until 2027 and provides for the indexation of the rent by 6%.

Transaction costs

Brokerage fee is 2% + VAT

Location and nearby infrastructure

Holon is a large city in the center of Israel, in the Tel Aviv District. The population of the city is more than 180 thousand people.

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

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