ID: 1362
House

Shopping center for sale Saxony, Neukirchen, Germany

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€1,800,000

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Additional Information DESCRIPTION

You will love this shopping mall in Neukirchen, Saxony free land. The property consists of 3 buildings with a total of 7 rental premises (1 of them is currently available for rent).

Year built – 1994/1995/1998

Land Area – 9,081 m2

Total Area – 2,260 m2

Revenue from the rent – 154,414 per year

Rate of Return – 8.96%

Price - €1,800,000

On the 1st building, there is Penny supermarket rents an area of ​​about 1150 m2 until 2025 with two extension options. Lease payments are €90,000 per year (about 63% of the total amount of lease payments for the facility)

2nd building consists of 3 rooms (200 m2, 200 m2, and 140 m2). There are a gift shop Komma 10, a newspaper shop, and the third room is currently available for rent. The contracts are unlimited with the term of cancellation notice of 6 months.

3rd building also consists of three rooms: about 420 m2 occupies a beverage store with an agreement until 2019, 85 m2 rents the insurance company (unlimited contract, term of notice of cancellation - 6 months), 50 m2- beauty salon (unlimited contract, term of notice of cancellation - 6 months).

The shopping center is located in Neukirchen that is in Saxony Federal Land. The population of the city is 7,000 people. Neukirchen is a suburb of Chemnitz that is one of the main industrial and economic cities of the country.

If you are interested in other properties, you can leave a request on our web site. Our representative will contact you shortly to assist you and answer the questions you might have.

Do not miss a unique opportunity to have a shopping mall in Germany!


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Additional Information PROPERTY DETAILS
  • Type of Property: Shopping center
  • Property Type: Secondary market
  • Status: Good
  • Location: Neukirchen, Saxony, Germany
  • Land Area: 9081 m²
  • Total Area: 2260 m²
  • Sale Price: €1,800,000

Financial Information

Price
€1,800,000
Rent Income per year
€154414
Rent Income per month
€12867
Profitability
8,6%
Payback
11,7 years
Installment
Mortgage

Purchase Cost

Agency commission
7,14%
Tax on the purchase
3,5%
Services notary
1%
Inventory
0,5%
Rental services
Services of the management company
Additional Information OTHER INFO

ATTRIBUTES

Land Area: 9081 m²
Total Area: 2260 m²
Year Built: 1994
Parking: Есть
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