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Commercial property — a large shopping center in Saxony

3,493,000 €
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Total area: 2,559 m² Yield: 8.0% Built in 2013
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Features
  • Absolute return: 286,314 €
  • Land area: 9,959 m²
  • Percentage of the rented area: 100%
  • Number of parking lots: 80

Description

This shopping center in Saxony, in the south-eastern part ofGermanyis a perfect object for investment. The building includes 5 commercial premises with total area of 2,559 m², where there are shops of various types: food discounter, department store, butcher shop, bakery shop, drinks shop. The shopping center is located in the area of mixed construction, close to the motorway, passing in a city street. The center and is a popular place to shop in the town with a population of 8,600 people. There is a parking for 80 cars.

Lease

Retail premises are leased till 2025.

Profitability of the object is 8.2% gross (without purchase tax, the cost of the notary and brokerage fees).

* The price does not include additional costs for the purchase of real estate.

** Brokerage commission is 3.57%.

More properties

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

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

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services