It is a large retail property investment in Rhine area near Frankfurt.
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.
Absolute income is 581,144 €.
The current yield of 7,4%.
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.
Notary fee of 1,5%.
RE purchase tax of 5%.
The broker's fee of 5,95%.