Shopping center, Schwartzwald, Germany

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Shopping center, Schwartzwald, Germany

11,670,000 €
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Total area: 6,638 m² Yield: 6.0% Built in 1980
  • Absolute return: 700,000 €
  • Land area: 2,619 m²
  • Percentage of the rented area: 100%
  • Number of parking lots: 100
  • Most recent total renovation: 1988
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 4.8%

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 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.

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Sofiya Bulanova
Sofiya Bulanova
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