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