It is a shopping mall in one of the cities south of Munich with a population of more than 15,000 people. Description
The total area of a single-storey building is 12,000 m².
The plot of 20,170 m².
The property was finished in 2016 and is in excellent condition.
The building is equipped for people with disabilities. It also features central heating.
There are 332 parking spots.
The property is fully leased out to a single tenant.
Absolute income is 943,548 €.
The current yield of 7,5%.
Tenant is BayWa network of building supply stores, as well as products for the home and garden, founded in 1923.
The company owns 56 shopping centers just in southern Germany, the annual turnover exceeds €15 billion.
The lease agreement is signed for 15 years until 2031.
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 4,76%.
Location and nearby objects
The city is located to the south of Munich at the intersection of several federal highways.
There are both commercial areas and large residential areas.