Pharmacy, Jerusalem, Israel

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Pharmacy, Jerusalem, Israel

$6,534,000
$12,836 /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: $326,687
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 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.

More properties

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

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