Retail and Office Centre in the Closest Suburb of Rotterdam for Sale, Freehold
Property type: retail and office centre
Purchase of established rental business
Tenure: freehold
Location: closest suburb of Rotterdam, the Netherlands
Construction year: 2003
Building size: ca. 14,800 m2
Car parking facilities: 150 spaces
Number of tenants: 10
Occupancy: 96%
Vacant commercial space: ca. 600 m2
Weighted Average Lease Term (WALT): 3.1 years
Possibility of renewal: YES
Rent Review: YES
Purchase price: 13,400,000 EUR
(+ closing costs)
Gross Rental Income: 1,220,000 EUR per annum
(+ indexation linked to inflation)
Maintenance costs (paid by the owner): ca. 32,000 EUR per annum
Current yield (at 97% occupancy):
• Gross yield: 9.1%
• Net yield: 8.9%
Extra opportunities:
• There is a possibility to increase yield in case of renting out vacant commercial spaces.
• Potential Gross yield (at 100% occupancy): 9.3%
• Potential Net yield (at 100% occupancy): 9.1%
