Five buildings with commercial and residential premises.
Description
Total area of the property is 4,996 m²
The commercial center consists of five buildings, which include offices, residential units and a restaurant.
The buildings were built between 1910 and 1970. In 2012, they were renovated.
The purchase price of the property includes parking for 50 cars.
The lease agreement with the anchor tenant is valid through 2024 and includes extension options for 2x5 years.
Absolute annual income is 642,958 €.
The current yield of 7.2%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.5%.
The broker's fee of 3%.
The commercial center is located in Wuppertal. The population of the city is more than 350 thousand people.