ID: 1379
House

Shopping center for sale North Rhine-Westphalia, Lippstadt, Germany

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€14,200,000

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Additional Information DESCRIPTION

 

You will love this property in Lippstadt, Nordrhein-Westfalen federal land. The property consists of 4 buildings and parking for 215 spaces.

Year built – 2012

Land Area –9,355 m2

Total Area –6,165 m2

Revenue from the rent – €947,468.88 per year

Rate of return – 6.67%

Price – €14,200,000

The main tenants is electronics and home appliances stores chain Media Markt. The area it rents is about 3,350 m2. The lease agreement is signed until 2026 with 4 extension options for 5 years each.

Other tenants are:

Chain stores of fashionable women's, men's and children's clothing TK Maxx. The area it rents is about 2,250 m2. The lease agreement is signed until 2022 with one extension option for 5 years.

Shoes shop: the lease agreement is signed until 2027, with 3 extension options for 5 years each.

The bakery: the lease agreement is signed until 2022 with 2 extension options for 5 years each.

The population of the city is about 68,000 people.

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: New
  • Location: Lippstadt, North Rhine-Westphalia, Germany
  • Land Area: 9355 m²
  • Total Area: 6165 m²
  • Sale Price: €14,200,000

Financial Information

Price
€14,200,000
Rent Income per year
€947468,88
Rent Income per month
€78955
Profitability
6,67%
Payback
14,10 years
Installment
Mortgage

Purchase Cost

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

Facilities

Parking place
Additional Information OTHER INFO

ATTRIBUTES

Land Area: 9355 m²
Total Area: 6165 m²
Year Built: 2012
Parking: Есть
Parking Spaces: 215
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