Commercial center, Chemnitz, Germany

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Commercial center, Chemnitz, Germany

5,840,000 €
1,122 € /m²
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  • Total area
    5,204 m²
  • Yield
    7.7%
  • Rental rate (m²/month)
    10 €
  • Built in 
    1995
Details
Property parameters
  • Leasable area: 3,906 m²
  • Land area: 12,705 m²
  • Number of parking lots: 401
  • 2-floor building
  • 2 floor
Financial performance
  • Annual income: 449,207 €
Tenants
  • No tenants
Property status
  • Most recent total renovation: 2017
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 3.5%
  • Broker: 6.0% + VAT

A building with commercial and residential premises.

Description

The total area of the building is 5,204 m².

The nursing home:

  • The total area of the nursing home is 1,298 m².
  • The building consists of 50 apartments, two apartments are currently vacant.

The shopping center:

  • The total area of the shopping center is 3,096 m².
  • At the moment 3 commercial units with a total area of 557 m² are vacant.

The building was constructed in 1995. The property was renovated in 2017.

There is an opportunity to extend the building.

The price includes parking for 263 cars and an underground garage for 38 parking spaces.

Financial performance

Absolute annual income is 449,207 euro.

The current yield of 7.7%.

Tenants

Anchor tenants are a large supermarket chain and a bowling center.

Other tenants are bistro, a bookmaker's office, a cafe, a butcher's shop and a night club.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

The broker's fee of 6%.

Location

The commercial center is located in the city of Chemnitz in Saxony. The population of the city is about 242,000 people.

There are there are public transport stops and motorway entrances nearby.

More properties

If this ad doesn't suit you, have a look at the other shopping centers for sale in Chemnitz.

All ads in the country: shopping centers for sale in Germany.

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