Commercial Property in the State of Brandenburg for Sale, Lease Agreement Ends 2040
Property type: commercial property
Purchase of established rental business
Location: the state of Brandenburg, Germany
• property is located in a town with a population of about 60,000
• easy access to motorways
Construction year: 1998
Lettable area: ca. 1,400 m2
Plot area: ca. 4,400 m2
Anchor tenant: A.T.U Handels GmbH & Co KG (large chain of automobile repair shops)
Occupancy: 100%
Triple Net Lease (NNN lease):
• tenant is responsible for all operating expenses including land tax, building insurance, minor repairs, potential renovation of the entire building, etc.
Lease Agreement: until 2040
Possibility of renewal: YES
Rent Review: YES
Purchase price: 849,135 EUR
(+ closing costs)
Rental Income: ca. 48,500 EUR per annum
(+ indexation linked to inflation)
Yield: 5.7%
