Property Detail

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Retail & Office Centre + Penthouse Apartment In The State Of Bavaria for Sale

Property type: retail and office centre + luxury penthouse apartment
Purchase of established rental business

Location: the state of Bavaria, Germany
• one of the largest cities in the state of Bavaria
• property is located in a prime city area close to the historic centre 

Construction year: 2013

Total building size: 2,810 m2
• ground floor: 1,480 m2
• 1st floor: 1,090 m2
• penthouse apartment: 240 m2

Area size: ca. 4,200 m2

Car parking: 50+

Anchor tenant:
• well-known supermarket chain
• is ready to sign a new 20-year lease agreement with the new owner

• possibility of lease agreement renewal
• indexation of yield linked to inflation

Other tenants:
• number of other tenants: 13
• photography studio, bridal shop, travel agency, kindergarten, beauty salon, fast food restaurants, various retail stores, electronics stores, clothing stores, etc.

Occupancy: 100%

Luxury penthouse apartment:

• is leased

NN property:
• tenants are responsible for almost all operating expenses (including land tax and building insurance)
• the owner is responsible ONLY in the case of a potential total building renovation

Lease Agreements: from mid-term to long-term (+ renewal options)

Purchase price: 5,900,000 EUR

Rental Income (including income of penthouse): 316,460 EUR per annum

(+ indexation linked to inflation)

Yield: 5.4%

Investment highlights:

• conveniently located in one of the largest cities in the state of Bavaria (Bavaria is the most economically developed state in Germany)
• newly constructed (2013)
• 20-year lease agreement with anchor tenant
• the owner is responsible ONLY for costs incurred in the event of the renovation of the entire building, all other expenses (including land tax and building insurance) are at tenant's expense

Property Contact

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http://www.brantstone.com/property/retail-and-office-centre-for-sale-in-bavaria-germany-03021315 03021315 Retail & Office Centre + Penthouse Apartment In The State Of Bavaria for Sale