Commercial property situated in a brand new complex, which comprised of dwelling-house and hotel. There is an underground parking for 40 cars + 50 parking lots reserved for hotel guests.
Lettable area is 2,246 sq. m.
The construction is scheduled to 2017.
The property is leased out to two tenants.
Absolute income is 580,000 €.
The current yield of 4,9%.
- Supermarket — one of the largest shop chains in the world with more than € 50 billion of annual turnover.
Rented area is 1,970 sq. m., the lease agreement is signed for 15 years with extension options.
- Coffee house — one of the largest coffee house chains in Bavaria with € 140 million of annual turnover.
Rented area is 276 sq. m., the lease agreement is signed for 10 years with extension options.
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 4,76%.
Location and nearby objects
Apartment building situated in Schwabing. Schwabing is the centre of bleeding edge art, and also cultural and night-life of Munich. Variety of bars, clubs, restaurants and other entertainment establishments makes Schwabing one of the most remarkable districts of Bavarian capital. The primary street is Leopoldstrasse, there are many restaurants, boutiques and antique shops. One of the main amenities of this area is Elizabeth market.