+44 20 3608 1267
Shopping center with yield 6%, Schwartzwald, Germany

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Shopping center with yield 6%, Schwartzwald, Germany

11,670,000 €
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Total area: 6,638 m² Yield: 6.0%
  • Land area: 2,619 m²
  • Built in 1980

Commercial property in one of the major cities in South-Western Germany.

Description

Total area is 6,638 sq. m.

Property situated is in a good condition.

All premises are leased out to a single tenant.

Financial performance

Absolute income is 700,000 €.

The current yield of 6,0%.

Tenants

The tenant is C& A company — one of the largest clothing chains in Europe. Its staff counts of about 37,500 employees, annual turnover in 2010/2011 counted to €6,58 billion.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5,0%.

The broker's fee of 4,76%.

Location

The property is located in one of the major cities of Schwarzwald, with population over 50,000 people, featuring high consumer purchasing power.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Baden-Wurttemberg
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    • Bank financing from 1.5% annually
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