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Commercial center with the yield of 6,8%, Upper Franconia, Germany

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Commercial center with the yield of 6,8%, Upper Franconia, Germany

6,380,000 €
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Total area: 4,210 m² Yield: 6.8%
  • Absolute return: 432,660 €
  • Land area: 8,200 m²
  • Built in 2016
  • Percentage of the rented area: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.8%

It is a multi-functional building for sale.

Description

Total lettable area is 4,210 sq. m.

The property is leased out to 7 tenants.

Financial performance

Absolute income is 432,660 €.

The current yield of 6,8%.

Tenants

  1. Food discount store. Rented area: 1,200 sq. m. The lease agreement is signed for 12 years with extension options. 
  2. Cafe. Rented area: 360 sq. m. The lease agreement is signed for 10 years with extension options. 
  3. Restaurant. Rented area: 860 sq. m. The lease agreement is signed for 10 years with extension options. 
  4. Bank. Rented area: 120 sq. m. The lease agreement is signed for 10 years with extension options. 
  5. Dry-cleaner. Rented area: 70 sq. m. The lease agreement is signed for 10 years with extension options. 
  6. Drink market. Rented area: 400 sq. m. The lease agreement is signed for 5 years with extension options. 
  7. Fitness-club. Rented area: 1,200 sq. m. The lease agreement is signed for 10 years with extension options. 

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 4,76%.

Location

Commercial property is situated in one in the city with extended infrastructure in Northern Bavaria.

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Sofiya Bulanova
Sofiya Bulanova
Real Estate Expert Tranio in Bavaria
+44 20 3608 1267
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