It is three retail units for sale in Berlin-Mitte.
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.
Absolute income is 121,201 €.
The current yield of 4,3%.
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.
Notary fee of 1,5%.
RE purchase tax of 6%.
The broker's fee of 4,76%.
The property is situated in the retail corridor in the center of Berlin.
Public transportation and metro stations are in the neighborhood.