A building with commercial and residential premises.
Description
The property includes 20 retail units and 13 apartments.
The trade area is 7,200 m².
The residential area is 982 m².
There is a parking for 165 cars on the territory of the commercial center.
The building was built in 1962 and renovated in 2011–2012.
Absolute annual income is 856,441 €.
The current yield of 5.5%.
Financial performance on the condition that all premises are rented:
Projected annual income is 931,021 €.
The projected yield of 6.0%.
The anchor tenant occupying 30% of the property's area is a large supermarket chain with more than 3,000 stores in Germany. The annual turnover of the company exceeds 51 billion euros.
The lease agreement is valid through 30.04.2027 and includes extension options for 3х5 years.
In total, 17 retail units are rented.
The WALT is 5.8 years.
Notary (state registration) is 1.5–2%.
Acquisition tax is 6.0%.
The brokerage fee is 5.95%.
The property is located in the town in the federal state of Hessen, in the 50 km from the center of Frankfurt. The population of the town is more than 20 thousand people. A railway station, a motorway exit, shops and cafes are situated not far from the building. The nearest airport can be reached in a 40-minute drive.
