Commercial property in one of the major cities in South-Western Germany.
Total area is 6,638 sq. m.
Property situated is in a good condition.
All premises are leased out to a single tenant.
Absolute income is 700,000 €.
The current yield of 6,0%.
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.
Notary fee of 1,5%.
RE purchase tax of 5,0%.
The broker's fee of 4,76%.
Location and nearby objects
The property is located in one of the major cities of Schwarzwald, with population over 50,000 people, featuring high consumer purchasing power.