Shopping Centre NP-MARKT in the State of Lower Saxony for Sale, WAULT = 7.5 Years
Property type: shopping centre
Purchase of established rental business
Location: the state of Lower Saxony, Germany
• property is located in a town with a population over 7,000
Construction year: 2001
Technical condition:
• property is in good condition
• additional investments in renovation or refurbishment are not required
Lettable area: ca. 2,800 m2
Land area: ca. 15,000 m2
Car parking facilities: ca. 130
Anchor tenant: NP-MARKT (supermarket chain, subsidiary of EDEKA)
Other tenants: hardware store
Occupancy: 100%
Weighted Average Unexpired Lease Term (WAULT): 7.5 years
Possibility of renewal: YES
Rent Review: YES
Purchase price: 1,300,000 EUR
(+ closing costs)
Net Rental Income: 92,500 EUR per annum
(+ indexation linked to inflation)
Net Yield: 7.1%
