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Retail units in the center of Munich with a 4% yield

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Retail units in the center of Munich with a 4% yield

1,600,000 €
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Total area: 415 m² Yield: 4.0%
  • Absolute return: 63,810 €
  • 6-floor building
  • 1 floor
  • Renter: 100%
  • Number of parking lots: 1
  • Most recent total renovation: 2011
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 7.1%
  • Total premises: 2
  • Street retail

It is two retail premises on the ground floor of a six-storey building.

Description

The total property area is 415 m².

The main feature of the proposed units is a window case length of 32 meters. The property features tiled floors and suspended ceilings with lighting.

There is one parking space in the underground garage.

Retail units are in good condition, the latest renovation has been carried out in 2011.

Both premises are lease out on a long term.

Financial performance

Absolute income is 63,810 €.

The current yield of 4%.

Tenants

Tenants are two furniture stores.

The lease agreement with the first one is perpetual, with the second is valid until 2021.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 7,14%.

Location

The property is located in the center of Munich, just a few minutes from the main train station.

Public transport and the metro station are in the immediate vicinity from the area.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Munich
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