It is a shopping mall in one of the cities west of Cologne with a population of more than 10,000 people.
Description
The total area of one-storey building is 1,946 m².
The plot of 6,501 m².
The property was built at the end of 2015 and is in excellent overall condition.
There is a parking for 76 cars.
The mall is fully leased out to three tenants.
There is a possibility to build an addon area of 185 m².
Absolute income is 215,924 €.
The current yield of 6.3%.
The anchor tenant is Action retail chain, founded in 1993 in the Netherlands.
The company has more than 500 branches in Europe and its annual income exceeds € 1,5 billion.
The lease agreement is signed for 10 years until 2025 with extension options 3x4 years.
The other two tenants are Kienast shoe store and textile chain KiK.
The lease agreements are signed for 10 years until 2025 with extension options for 5x3 and 2x5 years respectively.
Notary fee of 1,5%.
RE purchase tax of 6,5%.
The broker's fee of 3%.
The property is located in a retail zone in the southeastern part of the city.
There are supermarket and discounts nearby, together with the proposed mall they serve the entire city.
