Retail unit in the center of Munich

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Retail unit in the center of Munich

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Total area: 78 m² Yield: 4.3%
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Features
  • Absolute return: 20,424 €
  • 6-floor building
  • 1 floor
  • Percentage of the rented area: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.6%
  • Total rooms: 2
  • Street retail

It is a shop on the ground floor of a six-story building in Maxvorstadt.

Description

The total area of the property is 78 m², of which:

  • 49 m² — retail premise on the ground floor;
  • 29 m² — storage room in the basement.

There is also a tea room and a WC on the ground floor.

The building has underground parking, a place costing 25,000 €.

The shop is fully leased out.

Financial performance

Absolute income is 20,424 €.

The current yield of 4,3%.

Tenants

The tenant is a copy shop.

The lease agreement is signed for 10 years until 2018, there may be extension options.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 3,57%.

Location

Maxvorstadt is a main Munich tourist area with a variety of museums and attractions.

There are numerous shops, cafes, restaurants, cinema, bus and tram stops as well as metro station in the neighborhood.

More properties

If this property wasn’t for you, take a look at other retail space for sale in Germany.

You can see more retail space for sale in Munich elsewhere on our website.

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Sofiya Bulanova
Sofiya Bulanova
Investment Consultant
+44 20 3608 1267
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