Property Detail

Retail Park in the State of Bavaria for Sale, Yield = 8.2%

Retail Park in the State of Bavaria for Sale, Yield = 8.2%

Property type: retail park
Purchase of established rental business

Location: the State of Bavaria, Germany
• property is located in a town with a population of approx. 8,000

Lettable area: ca. 3,000 m2

Car parking facilities: 100 spaces

Tenants: TEDi (variety store chain), beverage store, hardware store, furniture store, bistro, etc.

Occupancy: ca.72%

Vacant commercial space: ca. 850 m2

Weighted Average Unexpired Lease Term (WAULT): 1.7 years (+ renewal options)
Possibility of renewal: YES
Rent review: YES

Purchase price: 1,680,000 EUR
(+ closing costs)

Overall Rental Income: 137,200 EUR per annum
(+ indexation linked to inflation)

Yield: 8.2%

Value Add opportunities:

• There is a possibility to increase yield in case of renting out vacant commercial spaces;
• Potential yield (at 100% occupancy): 11.3%.

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http://www.brantstone.com/property/retail-park-for-sale-in-bavaria-germany-03023617 03023617 Retail Park in the State of Bavaria for Sale, Yield = 8.2%