Small shopping center in Thuringia.
Description
Building with a leasable area of about 1,300 m².
Financial performance
The annual income is 60,000 €.
The yield is 6%.
Tenants
The building is leased for 90%.
- The anchor tenant is a well-known chain of discount clothing stores with more than 3,500 branches throughout Europe. The lease was concluded until 2027 with options for an extension of 3x3 years.
- German cuisine restaurant. The lease was concluded until 2024 with the option of extending for 5 years.
- Chinese restaurant. The lease was concluded until 2027 with the option of extending for 5 years.
Transaction costs
Notary (state registration) is 1.5–2%.
Acquisition tax is 6.5%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
Location and nearby infrastructure
The supermarket is located in the state of Thuringia.
Thuringia is a state located in central Germany covering an area of 16,171 square kilometres. The population of the state is 2.15 million inhabitants. Erfurt is the state capital and largest city.
Thuringia is surrounded by the states of Bavaria, Hesse, Lower Saxony, Saxony-Anhalt, and Saxony.
