Commercial center with residential units.
Description
Total area of the property is 5,523 m²
Commercial area — 5,418 m²
Residential area — 104 m²
Center consists of 8 commercial and 2 residential units. Currently 3 commercial premises are vacant.
The purchase price includes parking for 151 cars.
Absolute annual income is 618,965 €.
The current yield of 6.2%.
Financial performance of fully rented property:
Projected absolute annual income is 726,371 €.
The projected yield of 7.26%.
The anchor tenant is a large supermarket chain. The lease agreement is valid through 2023 and includes extension options for 3x5 years.
The second large tenant is discounter store chain. The lease agreement is valid through 2022 and includes extension options for 4x5 years.
Notary fee of 1.5%.
RE purchase tax of 6.5%.
The broker's fee of 3%.
Commercial center situated in the city with population of about 69 thousand people, in the state of North Rhine-Westfalia.