Shopping mall in Baden-Württemberg

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Shopping mall in Baden-Württemberg

4,857,000 €
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Total area: 2,001 m² Yield: 6.0% Built in 2013
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Features
  • Absolute return: 291,432 €
  • Land area: 3,650 m²
  • 1-floor building
  • Percentage of the rented area: 100%
  • Number of parking lots: 150
  • End of lease: 2026
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 3.6%

It is a shopping mall in a town east from Stuttgart with a population of more than 5,000 people. 

Description

The total area of a single-storey building is 2,001 m². 

The plot of 3,650 m². 

The mall was constructed and commissioned in 2013 and now is in excellent condition.

There is a parking and garage for 150 cars in total. 

The property is fully leased out to several tenants.

Financial performance

Absolute income is 294,432 €.

The current yield of 6%.

Tenants

The anchor tenant is grocery chain Lidl.

Lidl was founded in 1930 and currently has more than 10,000 branches in 28 European countries. The company's staff counts more than 300,000 employees and annual revenue exceeds € 60 billion.

The lease agreement is valid until 2026.

The lease agreements with other tenants are valid until 2023 with extension options for up to 3x5 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

Broker's fee of 3,57%.

Location and nearby objects

The property is situated in the center near the town hall.

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Supermarkets
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Schools
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Cafe and restaurants
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Hospitals
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Airports
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Julia Morozova
Julia Morozova
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+44 20 3608 1267
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