Shop on Kurfürstendamm boulevard, Berlin, Germany

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Shop on Kurfürstendamm boulevard, Berlin, Germany

3,200,000 €
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Total area: 482 m² Yield: 4.8%
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Features
  • Operating Incomе: 152,460 €
  • 1 floor
  • Occupancy: 100%
  • End of lease: 2021
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.0%
  • Broker: 7.1%
  • Street retail

Retail unit on the ground floor of the building.

Description

The total area of the shop is 482 m²

The area on the ground floor is 294 m²

The area of the basement floor is 183 m²

The length of the facade is 15 m.

Financial performance

Absolute annual income is 152,460 €.

The current yield of 4.8%.

Tenants

The tenant of the unit is a clothing store.

The lease agreement is valid until 31.12.2021 and includes an extension option for 5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

The brokerage fee is 7.14%.

Location

The shop is situated within 50 metres away from the famous Kurfürstendamm boulevard, where a large number of boutiques and restaurants are located. A Metro station and public transport stops are situated within walking distance from the property.

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

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Anastasia Sadilova
Real Estate Expert Tranio in Berlin
+44 20 3608 1267
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