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Shopping mall near Frankfurt with a 7,4% yield

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Shopping mall near Frankfurt with a 7,4% yield

7,800,000 €
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Yield: 7.4%
  • Absolute return: 581,144 €
  • Land area: 14,200 m²
  • Percentage of the rented area: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%

It is a large retail property investment in Rhine area near Frankfurt.

Description

The property is situated on a plot of 14,200 m².

The mall is in good overall condition.

All areas are fully leased out to several tenants.

Financial performance

Absolute income is 581,144 €.

The current yield of 7,4%.

Tenants

The anchor tenant is Netto, a subsidiary of Edeka Group, founded in 1984.

The lease agreement is signed until 2027.

Other major tenants: Intersport (sportswear), Fressnapf (pet food), Deichmann (footwear) and Mister & Lady (women's wear).

The lease agreements are signed until 2022.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 5,95%.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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