Shopping complex in the center of a town of the federal state of Saxony.
Description
The building with a leasable area of 25,000 m² is located on a land area of 24,000 m².
The annual income is 1,400,000 €.
The yield is 5.8%.
The property is leased by 75%.
The tenants are well-known german chain supermarkets of food, clothing, construction and household goods.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 3% + VAT 19% (total 3.57%).
The property is located in the federal state of Saxony, in the center of a town with a population of 30,000 inhabitants.
Saxony is a federal land in the FRG, located in the east of the country. The capital city is Dresden. The population of the region is more than 4 million people.
The most important branch of industry is automobile with a share of 27% of all sales. It is followed by the metallurgical sector with a share of 13%, machine construction with a share of 12%, as well as electrical engineering/ microelectronics with a share of 11.6% of Saxony's industrial turnover.
Saxony is known in the world for its higher education institutions with long traditions and high status: Leipzig University, Dresden Technical University, Freiberg Mining Academy.
Saxony attracts numerous tourists with the presence of many world-class culture monuments, delightful natural landscapes, and a well-developed tourist infrastructure.
