Shopping Centre in the State of Bavaria for Sale, 8.5 Years WAULT
Property type: shopping centre
Purchase of established rental business
Location: the state of Bavaria, Germany
Lettable area: ca. 8,900 m2
Land area: ca. 16,400 m2
Car parking: 250+ spaces
Construction year: 1976
Latest renovation: 2005
Anchor tenants: Expert (electronics store), KIK (chain of textile discounters)
Other tenants: furniture store, home goods store, fitness centre, pet store
Occupancy: 95%
Weighted Average Unexpired Lease Term (WAULT): 8.5 years (+ renewal options)
Possibility of renewal: YES
Rent Review: YES
Purchase price: 7,500,000 EUR
(+ closing costs)
Overall Rental Income: ca. 529,400 EUR per annum
(+ indexation linked to inflation)
Yield: 7.1%
Extra opportunities:
There is a possibility to increase yield in case of renting out vacant commercial space.
