Retail premises in the center of Berlin

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Retail premises in the center of Berlin

2,800,000 €
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Total area: 379 m² Yield: 4.3%
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Features
  • Operating Incomе: 121,201 €
  • 1 floor
  • Occupancy: 100%
  • End of lease: 2025
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 4.8%
  • Total premises: 3
  • Street retail

It is three retail units for sale in Berlin-Mitte.

Description

The total floor area is 379 m², of which:

  • the first unit is 179 m²;
  • the second unit is 62 m²;
  • the third unit is 138 m².

The properties are situated on the ground floors of two neighboring buildings.

Each unit has a storage room in the basement.

All areas are leased out to three tenants.

Financial performance

Absolute income is 121,201 €.

The current yield of 4,3%.

Tenants

Tenants are cafe, bicycle shop and children goods shop.

The lease agreement with cafe is signed 10 years until 2025 with extension option for 5 years.

The lease agreement with a bicycle shop is signed for 5 years until 2019 with extension options for 2x5 years.

The lease agreement with children goods shop is signed for 5 years until 2021 with extension option 5 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

The broker's fee of 4,76%.

Location

The property is situated in the retail corridor in the center of Berlin.

Public transportation and metro stations are in the neighborhood.

More properties

If this property wasn’t for you, take a look at other retail space for sale in Germany.

You can see more retail space for sale in Mitte elsewhere on our website.

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Marina Filichkina
Marina Filichkina
Head of Sales
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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